ADA/CARDANO
Cardano Hovers Above $0.35 as It
Faces Rejection at $0.40
Cardano (ADA) falls below the 21-day line SMA as it faces rejection at $0.40. Since January 29, buyers have been frantically attempting to break through the resistance at $0.40. The bears broke below the
21-day line SMA on February 9 as the altcoin slid above the $0.35 support.There is less selling pressure over the $0.35 support.
The moving average lines are where Cardano is now trading.
Faces Rejection at $0.40
Cardano (ADA) falls below the 21-day line SMA as it faces rejection at $0.40. Since January 29, buyers have been frantically attempting to break through the resistance at $0.40. The bears broke below the
21-day line SMA on February 9 as the altcoin slid above the $0.35 support.There is less selling pressure over the $0.35 support.
The moving average lines are where Cardano is now trading.
JOHN SMITH
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