Cardano’s volume continues to decline, and with it – the price. If nothing changes, ADA may fall back to the key support. Key Support levels: $0.30, $0.28 Key Resistance levels: $0.34, $0.38 Despite making a local higher high, bulls lost their momentum, and now the price is found in a correction towards the key support at $0.30. The resistance at $0.34 could not be tested since sellers already came to stop the uptrend at $0.32. Chart by TradingView Trading Volume: The volume is declining, and bears appear in control of the price action at this time. RSI: The daily RSI is falling again, and did not even manage to hit 50 points. This is bearish and shows weakness. MACD: The daily MACD painted a bullish cross over the weekend, but now the histogram is making lower highs. Chart by TradingView Bias The bias for ADA is bearish. Short-Term Prediction for ADA Price A retest of the key support at $0.30 seems likely since buyers have failed to gather momentum on this last rally. It is important for Cardano to stay above $0.30 as the alternative may prove quite costly. A break below $0.30 would open the way for bears to target $0.28, which would extend the bearish price action for ADA. The post Cardano Loses Moment, Here’s the Key Support to Watch (ADA Price Analysis) appeared first on CryptoPotato. Post navigation Goldman Sachs to Invest Millions in Crypto Businesses Following FTX Meltdown TRON Ecosystem To Undergo Changes – A Bane Or Boon To TRX Price?