The ADA award was recently restored, but it failed to stay over $ 0.5000 against US dollars (tethered).
There is a new big down channel, which rises at $ 0.44140 on the timetable over ADA / USD (data feed via Bittrex).
The couple currently has a large support area near the $ 0.3400-0.3500 levels.
The Cardano Prize is fighting to get upward momentum against US dollars and bitcoins. ADA / USD must move over $ 0.4200 to achieve traction.
Cardano Price Resistance
There was a decent rejection in the ADA award from the $ 0.2900 level against the US dollar. The price is handled over 0.3000 and 0.4000 resistance levels. It even handled over $ 0.5000, but failed to stay above $ 0.5000. ADA made a short-term peak of $ 0.5185 and started a downside movement. It broke $ 0.4000 support for trading near the $ 0.3500 support area.
A low was formed at $ 0.3505 and it seems that the price seems to act higher. It tests 23.6% Fib retracement level of the last drop from $ 0.5185 high to $ 0.3505 low. More importantly, there is a new major declining channel that is opposed to $ 0.44140 on the ADA / USD timetable. The pair must break the channel resistor at $ 0.4140-0.4200 to get upward momentum.
@tradewonk