In the midst of the feeling of the lowering market, the prediction of Cardano prices (ADA) has become a key subject among the merchants while they assess the next decision of the assets. This follows a rupture of consolidation, which moved the global feeling of the market to the Ada tokens.
Cardano (ADA) Action of prices and future levels
According to an expert technical analysis, ADA has finally become a lowering and is about to continue its drop in prices in the coming days. This change of feeling follows the break in a consolidation phase that ADE experienced between the levels of $ 0.69 and $ 0.75 for several weeks.
Based on the action of recent prices and historic momentum, there is a high possibility that Id can see a decrease of 5% until it reaches the level of $ 0.625. Meanwhile, if the decline continues and a daily candle closes below $ 0.622, there is a high possibility that the price of ADA can fall by 30% until it reaches the level of $ 0.425.
At present, ADA is negotiated below the exponential mobile average (EMA) on the daily time, indicating a downward trend and a low price action for the assets.
Current price momen
Despite these fluctuations, ADA is currently negotiating almost $ 0.66, having recorded a drop in prices of more than 1% in the last 24 hours. During this time, during the same period, the volume of negotiation of the assets dropped by 30%, which indicates a lower participation of traders and investors compared to previous days.
Key liquidation levels
With this lower price action and a continuous decrease, the feeling of the traders market remains unchanged while they continue to promote the lowering side.
The data from the Coinglass chain analysis company show that traders are currently over-deposed, with key levels at $ 0.655 on the lower side and $ 0.696 on the upper side. They built a value of $ 3.62 million in short positions and $ 14.80 million in long and short -handed positions.
