Cardano (ADA) Price Prediction: Downtrend Far From Over, $0.22 Still In Play
Cardano’s price started a fresh decline after it failed to surpass $0.32. ADA remains at a risk of more losses below $0.25 and $0.245 in the near term.ADA price is gaining bearish momentum below the $0.280 support against the US dollar.
The price is trading below $0.280 and the 100 simple moving average (4-hours).
There is a key bearish trend line forming with resistance near $0.2560 on the 4-hours chart of the ADA/USD pair (data source from Kraken).
The pair could continue to move down be
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