The 50% Fibo is offering immediate support, besides the general trend is bearish. The resistance at $0.136 is a key hurdle to the upside. Cardano price has embarked on yet another downward movement after forming a double top pattern. The current slide is approaching the support area at $1.30. The bullish trendline is offering immediate support above $1.30, Besides, the 50% Fib retracement level with the previous swing high of $0.14 and a low of $0.11 is also providing the much-needed support. The cryptocurrency market has been highly bearish in the past few weeks and attempts to retrace higher have been rendered unsuccessful due to the rising selling pressure. In a bid encourage the crypto community, the founder of Cardano, Charles Hoskinson went on Twitter saying: “What’s often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That’s tens of trillions of dollars entering the space eventually. Future is bright” In the meantime, XMR/USD is trading at $0.13, although there is a bearish trend at the moment. The stochastic is in the oversold at 23% while the moving averages gap is reducing to show that the bulls could find an entry in near-term. The resistance at $0.136 is a key hurdle although the buyers have their eyes glued on $0.140. The 50% Fibo will continue to support the price above $0.130 but $0.124 is a major support. XMR/USD 15′ chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Bitcoin Technical Analysis: Small break from heavy selling, but another sharp drop could be pending, with areas of vital support just under $5,500 area FX Street 5 years The 50% Fibo is offering immediate support, besides the general trend is bearish. The resistance at $0.136 is a key hurdle to the upside. Cardano price has embarked on yet another downward movement after forming a double top pattern. The current slide is approaching the support area at $1.30. The bullish trendline is offering immediate support above $1.30, Besides, the 50% Fib retracement level with the previous swing high of $0.14 and a low of $0.11 is also providing the much-needed support. The cryptocurrency market has been highly bearish in the past few weeks and attempts to retrace higher have… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.