Cardano Price Analysis – New Support Level For ADA/USD

Cardano Price Analysis

February 5, 2018 — daily Cardano price analysis.

Key Highlights:

Cardano (ADA) price recovered recently, but it failed to stay above $0.4500
There is a new major declining trend forming with resistance at $0.3380 on the hourly chart
A major support level is established near the $0.3033 level

Cardano Price Resistance

The ADA price against the U.S. Dollar recently bounced back from a low of close to $0.2900, now trading at $0.3095, but it failed to go above the previous resistance of $0.3380. It did make a short-term top at $0.3273 as the day progressed, but …

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