Convergence

Cardano

Divergence

Coin

The post <a href="https://coinpedia.org/price-analysis/cardano-price-faces-repeated-rejection-at-0-6807-has-ada-price-reach-its-top/">Cardano Price Faces Repeated Rejection At $0.6807! Has ADA Price Reach Its Top?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto industry continues to display significant price volatility with top cryptocurrencies recording constant fluctuations in their respective portfolios. Further, the ADA price has lost more than 7% within the past day, highlighting a strong bearish sentiment over the market.&nbsp; 
The <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/">ADA coin price</a> displayed neutral trends following the market pump, indicating a cool-off in the buying pressure for the coin. After multiple attempts, the bulls regained power and broke out of the resistance level. 
However, the rally was short-lived as the price faced rejection at $0.4610. The Coin traded sideways for a while, following which the market gained power and the price recorded a notable jump of over 36%. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/94UNHzWmqyPn7XeLFAbeV8RnmXEBHr83JBKGmm9tA3gkNjQfGYPJ5n9sWmuFGu020kdrOFjWBY6fkWwi8hY11MpvtL_xEayTkX7aJBqGYAFF84bFuDOuwGdN1syEScn20Cu6OI92M7ECBIsxxcpjViY" alt="ADA Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ADA/USDT
 </figcaption>
</figure> 
After this, the price lost momentum and displayed a correction in value, but the bulls held the price strong above the support level of $0.5817, resulting in a bounce back. 
Following this, the CardanoADA price traded in a consolidated range between $0.5817 and $0.6273 for over two weeks, highlighting reduced buying pressure in the industry. 
Recently, the bulls attempted to break out of the trend, but the coin faced rejection at $0.6807, following which it faced a&nbsp; pullback within the closed range. 
<h2 class="wp-block-heading" id="h-will-ada-price-regain-value">Will ADA Price Regain Value?</h2> 
The Moving Average Convergence Divergence (MACD) displays a constant red histogram, indicating a bearish influence in the crypto market. Moreover, the averages show a bearish convergence, suggesting the price will continue losing value this week. 
If the bulls gain power and push the price above the resistance level of $0.6273, the ADA price will prepare to test its upper resistance level of $0.6807 over the weekend. Further, if the market holds the price at that level, it will attempt to test its resistance level of $0.70 during the coming week. 
Negatively, if the bears overpowered the bulls, the ADA coin price would lose momentum and fall to test its support level of $0.5308. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.4610 in the coming time.

Cardano Price Faces Repeated Rejection At $0.6807! Has ADA Price Reach Its Top?

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