How long is the fall of ADA going to last? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
On the hourly chart, the price of Cardano has made a false breakout of the support level at $0.4113. Currently, one should pay attention to the daily closure.If buyers can seize the lost initiative, there is a chance to see a return to the resistance at $0.42.
On the bigger time frame, the rate of Cardano has once again bounced off the support level at $0.4098. The volume keeps declining, which means that buyers are not ready to buy the altcoin at the moment. In this case, there is a high chance of seeing a breakout, followed by a sharp drop to the $0.40 zone.
On the daily chart against Bitcoin , the rate of Cardano is going down after a failed attempt to fix above the 0.000015 zone. If a test of the 0.000014 happens, there is a possibility of seeing a further decrease to the 0.000013-0.0000135 area by the end of the month.
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