Cardano Trades Near $0.20 After Three Bearish Daily Closes
Photo: TokenPost
At press time, Cardano (ADA) traded at $0.2065, up 1.57% over 24 hours, leaving the token just above $0.20 after three consecutive bearish daily closes. A chart by trader and analyst Zen Trades marks $0.20 as immediate support, with horizontal support at $0.1894 below it and another level at $0.1533. ADA has fallen below a rising trendline near $0.2398, the chart shows. The chart places ADA below its 50-day exponential moving average (EMA) at $0.2240 and its 200-day EMA at $0.2434.
Source: TokenPost
