đ Cardano price analysis- Cointelegraph
đœ Downtrend Continuation
Cardano has been in a downtrend but is attempting a relief rally from $0.27 on August 5. The first hurdle is the moving averages; overcoming this could lead ADA/USDT to the downtrend line.
âïž Resistance Ahead
Sellers are expected to defend the downtrend line vigorously. If the price declines sharply from the moving averages or the downtrend line, ADA may drop to $0.24.
đ Bullish Reversal
The negative outlook will be short-term invalidated if the bulls can push the price above and hold it above the downtrend line.
