Is Cardano (Ada) a bearish sign?

The ADA/USD pair has been struggling to stay above the $0.3900 level over the last few days and eventually broke below, which was a bearish sign for this market. At the time of writing, Cardano (ADA) is trading at around $0.3824 and has fallen by 2.70 percent in the past 24 hours.

Is Cardano price a bearish trend?

Cardano priceanalysis shows a bearish trend as the price chart displays a series of lower highs and lower lows. ADA/USD pair has been trading on a bearish curve from the start of today’s trading session as bears have been in control of the market. At press time, ADA is trading at 0.3835 with a 24-hour loss of 2.53%.

What is the Daily Chart for Cardano price analysis?

The daily chart for Cardano price analysis shows bearish price action as the price has been falling continuously. ADA opened the daily chart above $0.3900 and fell to the day’s low of $0.3794 thus displaying a falling wedge pattern suggesting that bears are in control of the market momentum.

What is John Palmer Cardano price analysis?

Cardano price analysis: ADA price correct down at $0.3835 as selling pressure John Palmer Cardano priceanalysis shows a bearish trend as the price chart displays a series of lower highs and lower lows. ADA/USD pair has been trading on a bearish curve from the start of today’s trading session as bears have been in control of the market.