ADA Price Dips Worth Buying? What Key Market Indicators Suggest

Aug 25, 2023 06:00 am Cryptocurrency 92
ADA Price Dips Worth Buying? What Key Market Indicators Suggest

Cardano’s price started a fresh decline below $0.280. ADA is struggling and key indicators suggest high chances of more downsides below $0.252.


  • ADA price is gaining bearish momentum below the $0.285 level against the US dollar.

  • The price is trading above $0.280 and the 100 simple moving average (4 hours).

  • There is a major bearish trend line forming with resistance near $0.274 on the 4-hour chart of the ADA/USD pair (data source from Kraken).

  • The pair could start a recovery wave if there is a close above the $0.280 resistance.

    • Cardano’s ADA Price Faces Uphill Task


    In the past few days, Cardano’s price saw a fresh decline from well above $0.288. The price traded below the $0.285 and $0.280 support levels to move into a bearish zone, similar to Bitcoin and Ethereum.


    The price even declined below $0.265 and tested the $0 ..

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