Cardano (ADA) Price Prediction: More Pain Yet To Come

[AJBot]

Cardano’s price started a major decline after it broke the key $0.4200 support. ADA could continue to move down unless it settles above the $0.50 pivot level. ADA price is showing a lot of bearish signs below the $0.420 support against the US dollar. The price is trading well below $0.400 and the 100 simple moving average (4-hours). There are two bearish trend lines forming with resistance at $0.3700 and $0.3880 on the 4-hours chart of the ADA/USD pair (data source from Kraken). The pair could continue to move down below the $0.3500 support zone. Cardano (ADA) Price Signals Bearish Wave In ...

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