Cardano Price Outlook: ADA/USD bears remain in control of the market

Updated: 28 Jul. 2020 | 05:57

ADA/USD daily chart

ADA/USD is currently priced at $0.138 as the bears retain control over the market. This Monday, the price encountered resistance at the $0.1482 and fell down. The MACD shows sustained bullish momentum, while the Elliott Oscillator has had four straight green sessions. These indicate that despite bearish price action, market sentiment remains bullish.

ADA/USD has healthy support levels at $0.132, $0.1277 (SMA 20), $0.117 and $0.1038 (SMA 50).

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