#crypto2023 Cardano Price Analysis

This past week, Cardano price saw a rejection pattern near the $0.285 zone against the US Dollar.

The ADA/USD pair declined below the $0.275 and $0.262 support levels.

4.12,404,

The price even declined below the $0.260 support and the 55 simple moving average (4 hours. It revisited the $0.2520 support zone. A low is formed near $0.2520 and the price is consolidating losses.

There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.3025 swing high to the $0.2520 low.

Technical Indicators

4 hours MACD - The MACD for ADA/USD is now gaining pace in the bearish zone.

4 hours RSI - The RSI for ADA/USD is now below the

50 level.

Key Support Levels - $0.2585 and $0.2520.

Key Resistance Levels - $0.2750 and $0.280.

#BTC #Worldcoin #pepe #CARDANO