Cardano price is under the bears’ spell It would be best not to go shopping for Cardano in the meantime as a rebound has now ensued. This will be taking Cardano price to the lower bounds of the graph. Bearish movement will assume control of ADA once the bears propel it below the 0.0433229 dollars support mark. From there, the bears can drive Cardano price into a downward spiral below the 0.04 region without hesitation as no major obstacle stands in their way. The next spot that offers the bears some trouble will be at 0.0357780 dollars, which is a major support mark and waiting to be retested for quite some time. On the top side, we have the twenty (20) day EMA hovering as the first resistance that ADA will face. After the twenty (20) day EMA is crossed, the ADA/USD pair can look forward to resistance from the fifty (50) day simple moving average (SMA) which will also be causing a hindrance for the bulls. The fifty (50) day EMA will play out as a major resistance mark for ADA.
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**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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