Cardano price started a fresh decline from the $0.590 zone. ADA is now consolidating and might attempt a fresh increase above the $0.5820 zone.
ADA price started a fresh decline below $0.5820 and $0.5750. The price is trading above $0.560 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.5640 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start a fresh decline if it dips below the $0.5560 support zone. Cardano Price Fails To Extend Gains
In the past few sessions, Cardano saw a fresh decline from the $0.590 zone, unlike Bitcoin and Ethereum. ADA declined below the $0.580 level and trimmed most gains.
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