BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
The price of Cardano ( ADA ) reports 9.21% of gains in the last 24H and its current price is $ 0.1970. The price has bounced on the floor at $ 0.1706 and continues climbing and aproaching to the Bearish Trend Line that has a resistance at $ 0.2034. Despite the recovery, the pair continues its downward trend and its short-term outlook is continuation, the 100-EMA is still below the 200-EMA, this suggests lower resistance to the downside, also the separation between these two indicators is expanding more, this reflects a higher selling pressure. Buyers are already tired according to the Stochastic that shows signs of overbought so we can expect a rebound in the Bearish Trend Line .
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