Cardano

Cryptocurrency

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   Sep 18, 2023 at 11:00 // Price 
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span> 
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 <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/0ab/900_900_1/wxahz7uh9yema90ilv1n1khiw2u3z2i0.jpg" width="900" height="563" alt="The market returned to the price levels of $0.250 and $0.255 in the last price moves" title=""> 
 <p><strong>Cryptocurrency price <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> brought by Coinidol.com. The price&nbsp;&nbsp;of Cardano (ADA) reaching a low of $0.255.</strong></p> 
 <h2 style="text-align: justify;" id="cardano-price-long-term-forecasts-bearish">Cardano price long-term forecasts: bearish </h2> 
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 <p style="text-align: justify;"> The cryptocurrency asset is falling fast as it approaches its previous low of $0.23. The last price range of $0.25 to $0.28 was breached as the altcoin came under selling pressure again. </p> 
 <p style="text-align: justify;"> Cardano corrected upwards during the August 17 price decline, and a candlestick tested the 78.6% Fibonacci retracement level. The correction suggests that ADA will decline, but then reverse at the 1.272 Fibonacci extension or $0.20 level. Cardano is currently in a retracement after being rejected at the 21-day SMA line. If the bears break the previous low at $0.23, the altcoin will reach the 1.272 Fibonacci extension or the $0.20 level. </p> 
 <h2 style="text-align: justify;" id="cardano-indicator-analysis">Cardano indicator analysis </h2> 
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 <p style="text-align: justify;"> Cardano is retreating and approaching the Relative Strength Index Level 37 for the period 14. ADA price will fall as it is in a negative trend zone. Doji candlesticks dominate the price bars that are below the moving average lines. These factors contribute to altcoin's decline. The altcoin is in a downtrend and has fallen below the daily stochastic threshold of 40. </p> 
 <p style="text-align: justify;"> <img width="980" alt="ADAUSD_(Daily Chart) – SEPT. 15 (1).23.jpg" src="https://cdn.thebittimes.com/images/2023/09/18/7578ca71ee1dbb5cf35147bd90f2063e.webp" height="545" title="ADAUSD_(Daily Chart) – SEPT. 15 (1).23.jpg"><br> </p> 
 <h3 style="text-align: justify;" id="technical-indicators"> Technical Indicators </h3> 
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 <p style="text-align: justify;"> <b>Key resistance zones: $0.30, $0.35, $0.40 </b> </p> 
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 <p style="text-align: justify;"> <b> Key support zones: $0.20, $0.15, $0.10</b> </p> 
 <h2 style="text-align: justify;" id="what-is-the-next-step-for-cardano"> What is the next step for Cardano? </h2> 
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 <p style="text-align: justify;"> Cardano is losing ground and approaching its recent low of $0.23. The previous low of $0.22 is the lowest price level. The price indicator predicted a probable reversal at the support level of $0.20. The market returned to the price levels of $0.22 and $0.23 in the last price moves. </p> 
 <p style="text-align: justify;"> However, Cardano (ADA) made an up movement on September 18, and reached $0.2551. </p> 
 <p style="text-align: justify;"> <img width="980" alt="ADAUSD_ (4 Hour Chart) – SEPT. 15 (1).23.jpg" src="https://cdn.thebittimes.com/images/2023/09/18/acb81cacdcef0c25c387110ac0885a71.webp" height="545" title="ADAUSD_ (4 Hour Chart) – SEPT. 15 (1).23.jpg"><br> </p> 
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 <p style="text-align: justify;"> As we reported on September 08, the previous range of $0.25 to $0.28 has narrowed. Bears have the upper hand as sellers are more active at higher price levels.&nbsp; </p> 
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 <p style="text-align: justify;"> <i><span style="color: #a0a0a0;">Disclaimer.&nbsp;This <a rel="dofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i> </p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/cardano-loses-ground-and-approaches-low-of-0-23-tbt63118.html">https://thebittimes.com/cardano-loses-ground-and-approaches-low-of-0-23-tbt63118.html</a></p>

Cardano Loses Ground And Approaches Low Of $0.23

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TheBitTimes

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