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- Cardano sees a pullback after yesterday’s rebound to $0.0445
- ADA seems to have support around $0.043
Considering the intraday chart of Cardano, Yesterday’s price rebound is losing its momentum since yesterday against the U.S Dollar, after it saw a plunge near $0.0435. Notably, Bitcoin went through a price shift with a bearish bias yesterday before closing, though the leading crypto coin has maintained its price above $10,300 till now.
Yesterday, ADA price opened at $0.0446 and after a bullish price move near $0.0448, the coin traced a dip below $0.0440. Cardano found support at $0.0435 and bounced up again near $0.0445 with an increase of 2.23%. However, before closing at $0.04441, the coin started its pullback, which has been extended today.
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Due to the downtrend, Cardano has been trading around $0.043 since 3:00 UTC today. At 07:30:27 UTC, ADA is trading at $0.04399.
ADA to USD Price Chart
The long term SMA line (200-day) is well above the short term (50-day) SMA line indicating a bearish impact. Although the MACD chart shows a bullish price move as the MACD line has just crossed above the signal line.
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RSI is in the transition phase near 54, as it is heading towards overbought momentum. Cardano coin may face resistance at $ 0.04485, $ 0.04529 and $ 0.0458, while can find support at $ 0.04388, $ 0.04335, and $ 0.0429.
