Cryptoknowmics
2022-11-15 12:18:21

ADA Technical Analysis: Cardano Struggle to Maintain Bull Cycle

The ADA technical analysis exhibits a short-term upward trend despite low demand among traders due to uncertainty in the market with RSI moving sideways. After hitting its 22-month-low of $0.3179, the price of Cardano (ADA) has surged by 1.83 % over the past 24 hours. At the current price of $0.3388, ADA price action displays a reversal rally challenging the 50-day SMA. During today’s early trading hours, the ADA price broke the support level of $0.3279 and made another support at $0.3211. However, the price action bounced back to make resistance at $0.3407, but could not sustain the mark of The post ADA Technical Analysis: Cardano Struggle to Maintain Bull Cycle appeared first on Cryptoknowmics-Crypto News and Media Platform .

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