Cardano

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   Nov 22, 2023 at 10:32 // 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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 </div> <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/a98/900_900_1/8p0z461tfjcs51sfjjm6ee4ou2z4dwds.jpg" width="900" height="560" alt="" title="">
 <p><strong>﻿﻿The price of Cardano (ADA) has been fluctuating since Nov. 11 when the price reached $0.39, but buyers have not been able to sustain the positive momentum above the $0.40 level.</strong></p>
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 <h2 style="text-align: justify;" id="long-term-forecast-for-the-cardano-ada-price-bullish">Long-term forecast for the Cardano (ADA) price: bullish</h2>
 <p style="text-align: justify;">The altcoin is forced to fluctuate in a narrow range. Since November 11, the ADA price has been fluctuating between $0.34 and $0.40. The bulls have successfully defended the current support level as well as the 21-day SMA. Today, ADA price fell to a low of $0.35 as the bulls bought the dips. At the time of writing, ADA/USD is trading at $0.37.</p>
 <p style="text-align: justify;">Cardano threatens a drop to above $0.30 if the bears fall below the 21-day SMA or the current support at $0.34. On the upside, ADA is overbought and a rise above $0.40 is unlikely. The coin will reverse after a price rise.</p>
 <h2 id="p-style-text-align-justify-cardano-indicator-a-rel-noopener-noreferrer-nofollow-title-category-analysis-href-https-thebittimes-com-analysis-html-analysis-a-p"><p style="text-align: justify;">Cardano indicator <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a></p></h2>
 <p style="text-align: justify;">Today, the ADA price is bouncing as it retests the 21-day simple moving average. Last week, the 21-day SMA supported the price bar. Cardano will fall if the bears drop below the 21-day simple moving average. If the 21-day SMA is breached, the selling pressure will continue to the 50-day SMA.</p>
 <h3 id="p-style-text-align-justify-technical-indicators-p"><p style="text-align: justify;">Technical indicators</p></h3>
 <p style="text-align: justify;"><b>Key resistance zones: $0.30, $0.35, $0.40</b></p>
 <p style="text-align: justify;"><b>Key support zones: $0.20, $0.15, $0.10</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="ADAUSD_ (Daily Chart) – NOV.22.jpg" src="https://cdn.thebittimes.com/images/2023/11/22/5159533dbbf2b2730116f59763f80b28.webp" height="529" title="ADAUSD_ (Daily Chart) – NOV.22, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-cardano-ada">What is the next move for Cardano (ADA)?</h2>
 <p style="text-align: justify;">Cardano's rise ended at a high of $0.39 but traded below the $0.40 resistance zone, with ADA prices hovering between $0.34 and $0.40. Bulls will continue to have the upper hand as the altcoin trades in the bullish trend zone.</p>
 <p style="text-align: justify;">Last week Coinidol.com wrote that Cardano (ADA) price has resumed its uptrend after the breakdown of the uptrend on November 11. The ADA price previously rose to a high of $0.39, which was in line with the historical price level of July 14.&nbsp;</p>
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 <p>Brought from CoinIdol.com: https://coinidol.com/cardano-second-upward/</p>
 <p style="text-align: justify;"><img width="1024" alt="ADAUSD_ (4 Hour Chart) – NOV. 22.jpg" src="https://cdn.thebittimes.com/images/2023/11/22/ab97de1dfee3734fbbed90313322f644.webp" height="529" title="ADAUSD_ (4 Hour Chart) – NOV. 22, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" 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="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cardano-s-price-could-fall-as-the-bears-retest-the-0-35-low-tbt71229.html">https://thebittimes.com/cardano-s-price-could-fall-as-the-bears-retest-the-0-35-low-tbt71229.html</a></p>

Cardano’s Price Could Fall As The Bears Retest The $0.35 Low

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