Cardano / TetherUSShort
Cardano's ADA could slide down to $0.30
ADAUSDT Cardano's recent trading activity has been uncertain as it has been fluctuating between moving averages. The 20-day EMA is starting to turn down, indicating that bears are gaining control.
If the 50-day SMA support breaks, the ADA/USDT pair could fall to $0.33 and $0.30. However, if the price rebounds from the 50-day SMA and rises above the 20-day EMA, the bulls may gain control and push the pair to retest the resistance near $0.46.
Let me know what you think!
Follow me for more TA!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.