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30 October 2020

Cardano (ADA) Price Analysis: More Losses Likely Below $0.07 | Live Bitcoin News

Cardano (ADA) Price Analysis: More Losses Likely Below $0.07 | Live Bitcoin News


smart summary beta

The main resistance for the bulls is near the $0.0900 level and the 55 simple moving average (4-hours).

The main support is near the $0.0720 level, below which the bears are likely to aim a test of the $0.0680 support.

The chart indicates that ADA price is clearly currently trading in a bearish zone above the $0.0850 support level and the 55 simple moving average (4-hours).

Overall, the price is likely to face hurdles near $0.0850 and $0.0900 if there is an upside correction.

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