Cardano price<\/a> is moving sideways as the coin the bears take charge of the market. Meanwhile, a positive movement back above the 9-day and 21-day moving averages is needed to correct the immediate bearish pressure and take the coin back on the recovery trend. Once this is out of the way, the upside is likely to gain traction with the next focus at the resistance levels of $0.63, $0.65, and $0.67.<\/p>\nOn the downside, the support level of $0.45 is likely to be broken, once this is done, the sell-off could gain traction with the next focus at the nearest support level of $0.40. Therefore, if these levels are broken, the downside pressure may increase and the next support is created by the critical supports at $0.35, $0.33, and $0.31 as the technical indicator Relative Strength Index (14) nosedives below the 50-level.<\/p>\n
Against Bitcoin, the Cardano price is following a downward trend as revealed by the technical indicator, the signal of the Relative Strength Index (14) is seen sliding towards the 60-level. Meanwhile, a low swing could push the coin to the support level of 2300 SAT and below.<\/p>\n