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Another Decline In $ADA ?

If Cardano’s price fails to climb above the $0.7680 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level.

The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.7260. The next major support is near the $0.70 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.

Major Support Levels – $0.750 and $0.740.

Major Resistance Levels – $0.78400 and $0.8000.