Add as a preferred source on GoogleCardano (ADA) Trades Below $0.20 as Analyst Maps Lower Support Levels
ADA was $0.1925 when the outlook was published; ZenTrades’ chart marks $0.1894, $0.1712 and $0.1537 as conditional levels.
Cardano (ADA) traded at $0.1925 when the outlook was published after falling below $0.20, while a chart attributed to analyst ZenTrades marks three lower support levels if nearer support gives way.
The nearest mark is $0.1894, corresponding to the Aug. 30 low. If that level breaks, the next chart reference is $0.1712, which matches the Aug. 18 low. A deeper decline would put the late-July level at $0.1537 in view, the chart indicates. The levels are conditional reference points, not assured outcomes.
ZenTrades’ chart places ADA below its 50-day exponential moving average near $0.21 and its 200-day exponential moving average near $0.24. It shows a daily relative strength index reading of 32, and ZenTrades notes that the moving average convergence divergence indicator is below zero.
Earlier coverage tracked ADA’s move below $0.24 and a conditional $0.21 level.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.