Cardano displayed bearishness on its chart at the time of writing. Over the last 24 hours Cardano fell by 7% on its chart. Broader market also displayed bearish spell over the last few days. Bitcoin was bordering the $20,000 mark and the altcoins followed suit.
ADA had over the past few days crossed past the $0.55 resistance mark but it failed to sustain itself above that price mark. The bears have exerted pressure in the market and the technical outlook has also pictured bearishness on the chart.
Bullish strength has been on a halt as market movers have significantly depreciated on their respective charts.
At the moment, Cardano has been trading close to the support level of $0.42. Buyers also exited the market. Continued selling pressure will drag the coin below the $0.42 level to the $0.33 price mark. A push at the present price level could cause ADA to move up slightly on the chart but that could be termed as a brief recovery.
Cardano Price Analysis: Four Hour Chart
Cardano was priced ..
Support the originator by clicking the read the rest link below.
 Falls To $0.44, Is The Uptrend Invalidated?){kind=link}