With Cardano [ADA] breaching $0.4565, bears could eye this level next - Aliens: AI Crypto News & Markets Updates
Logo
Logo

Feed

Coins

About

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

With Cardano [ADA] breaching $0.4565, bears could eye this level next

PublisherPublisher
AMB Crypto

Sun, Jul 03, 2022

Banner

Aliens TLDR

Unless the buyers come to the rescue at the immediate support level, ADA could see an extended decline before a strong revival.

As the price action fell below the 20 EMA, the immediate narrative for the altcoin took a bearish flip.

With the price action breaching the long-term $0.4565-support, the bears could eye for a close below the $0.43-level.

The Relative Strength Index (RSI) took a relatively bearish stance while retesting the 39-mark support.

A breach below this support could aid the sellers in finding fresher lows.

However, the price action marked lower peaks during this time.

With sellers finding a break below the $0.45-level and the indicators taking a bearish tilt, ADA could see further downside risk.

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Litecoin falls beneath a bullish order block, could $40 be next target

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Just a week ago, Litecoin [LTC] rallied to the $61 level but faced rejection there. This was a bearish development, especially for long-term investors. The market structure continued to remain bearish, and […]
AMB Crypto
·

Jul 3

Altcoin

Recommended Stories

Article

AAVE traders have this in store for coming days after bearish pennant’s…

Article

Assessing the odds of The Sandbox [SAND] falling below $1 mark

Article

Axie Infinity: Risk would be to buy range lows with a stop-loss at…

Article

Stellar: Factors that didn’t play in favor of XLM’s rally despite…

Article

Bitcoin, Ethereum and Altcoins Present Signs of Incoming Price Turnaround; Here’s When

Article

BTC, SOL and AVAX Price Analysis for July 2

Article

3 Reasons Why Bitcoin Might Retrace in Upcoming Week and Reach $22,000

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise