Cardano Price Analysis: ADA/USD Facing Uphill Task Near $0.10

Key HighlightsADA price dropped greatly and traded as low as $0. 0844 contrary to the US Dollar (tethered). This week highlighted important bearish trend line remains occupied with resistance around $0. 1100 about the hourly chart of this ADA/USD set (data feed through Bittrex). The set is presently adjusting higher, but it’s very likely to confront sellers around the 0. Cardano price dropped greatly against the US Dollar and Bitcoin. ADA/USD is rebounding, but there are a number of hurdles on the upside 0. Cardano Price AnalysisIn among the prior investigations, we discussed that cardano cost could drop towards the $0. 1000 degree against the US Dollar.   The ADA/USD set did proceed down harshly and bankrupt the 0. 1000 service region. It even traded under the 0. 090 amount and shaped a reduced at $0. Later, the cost started an upside down correction and moved over the 0. It also broke the 23.6percent Fib retracement level of the final decrease in the 0. However, the cost is currently heading towards an essential resistance close to $0. 1000, that was a service sooner. Moreover, the 50percent Fib retracement level of the final decrease in the 0. 0844 low is placed near the 0. 1000 degree to function as a hurdle. Above $0. 1000, this week’s highlighted important bearish trend line remains occupied with resistance around $0. 1100 about the hourly chart of this ADA/USD pair. Therefore, you will find obviously many resistances on the upside near the 0. 1000 and $0. 1100 levels. A break above the past might open the doors to get a push towards the 0. 1250 degree in the near term. Cardano Price Analysis ADA USDThe chart suggests that ADA cost has probably completed a correction tide around $0. 1000. It could diminish once more back towards the 0. 0900 degree in the brief term. Hourly MACD — The MACD for ADA/USD is put in the bullish zone. Hourly RSI — The RSI to get ADA/USD is shifting lower towards the 50 level. Major Support Level — $0. ) 0900Major Resistance Level — $0. ) 1100Original post first appeared in https://www.newsbtc.com/2018/08/15/ / cardano-price-analysis-ada-usd-facing-uphill-task-near-0-10/

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