Cardano Price Analysis: ADA/USD Struggling Near Key Support

Key Highlights ADA price failed to move above the $0.1700 level and declined sharply against the US Dollar (tethered). There is a major contracting triangle in place with support near $0.1560 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is at a risk of more losses below the $0.1560 and $0.1540 levels in the near term. Cardano price is struggling to hold important supports against the US Dollar and Bitcoin. ADA/USD must stay above $0.1560 to recover above $0.1600. Cardano Price Analysis Recently, ADA…

Cardano (ADA) Price Watch: Ready to Reverse from the Drop?

Cardano Price Key Highlights Cardano is still in its descending channel but might be gaining traction off the bounce. Applying the Fib tool shows the next potential resistance levels that could keep gains in check. Technical signals are looking mixed, with oscillators suggesting further gains in the cards. Cardano appears to be gaining some traction after its channel support bounce and could aim for the Fibs next. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 18

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Every bear market tests the patience of the investors. The ones who stick around reap the maximum benefits when the new bull market starts. Most retail investors are easily influenced by the wild forecasts and end up buying near the peaks and selling…

Cardano Price Analysis: ADA/USD Is In Downtrend

Key Highlights ADA price started a fresh downside move from the $0.1750 swing high against the US Dollar (tethered). There is a crucial bearish trend line forming with resistance at $0.1600 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may perhaps continue to move down towards the $0.1550 and $0.1505 support levels. Cardano price failed to move higher and declined against the US Dollar and Bitcoin. ADA/USD is likely to extend the current decline towards the $0.1505 level. Cardano Price Analysis This past week,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 15

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The Securities and Exchange Commission doesn’t consider Ether to be a security. This news led to a bounce in most of the top 100 cryptocurrencies pushing their total market capitalization from $265 billion on June 13 to $290 billion on June 15. Bitcoin…

Cardano Price Analysis: ADA/USD Turned Bearish

Key Highlights ADA price declined sharply below the $0.2000 level and moved into a bearish zone against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.1650 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair has to break the $0.1650 and $0.1700 resistance levels to start a substantial recovery. Cardano price is under a lot of bearish pressure against the US Dollar and Bitcoin. ADA/USD must stay above the $0.1500 level to contain losses in the near term.…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 13

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto markets are tumbling, and their total market capitalization is down to $265 billion from about $380 billion that we saw May 22. This means that the selling momentum has picked up. After a prolonged downtrend, sharp falls indicate that panic has…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 11

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The crypto markets tumbled on Sunday following the news of hacking of a small South Korean exchange, Coinrail, according to top tier media. The reaction to the news seems to be a little exaggerated because the 24-hour volume traded at Coinrail is only…

Cardano (ADA/USD) Price Watch: Potential Pullback Scenario

Cardano Price Key Highlights Cardano continues to trend lower below a descending trend line on the 1-hour chart. Long-term support appears to be drawing bullish pressure and a bounce could be due. In that case, Cardano could still encounter nearby resistance at the Fib levels and trend line. Cardano looks prime for a pullback from its drop and the trend line and Fib levels might keep gains in check. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 08

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. At the beginning of the year, the analysts were very bullish on Bitcoin and had projected high targets for 2018. Many did not revise their target lower even after the sharp fall in January this year because they were expecting a sharp bounce…