Cardano (ADA) Price Prediction for July 23
Main Idea
The article discusses the recent price decline of Cardano (ADA) and provides a technical analysis of its potential future movements.
Key Points
1. Cardano (ADA) has declined by 2.05% since yesterday, with its price near the support level of $0.8550.
2. Traders are unlikely to see an increased price soon as most of the Average True Range (ATR) has been passed.
3. On a longer time frame, bulls have failed to sustain the rise, and a test of the $0.8386 level is expected soon.
4. From a midterm perspective, ADA has made a false breakout of the previous candle high of $0.8955.
5. At press time, ADA is trading at $0.8595.
Description
How long can drop of Cardano (ADA) last?
$ADA
$0.8077
-9.60%
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