{"id":358683,"date":"2022-11-20T19:43:41","date_gmt":"2022-11-21T00:43:41","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=358683"},"modified":"2022-11-20T19:48:57","modified_gmt":"2022-11-21T00:48:57","slug":"cardano-price-prediction-for-today-21-november-ada-breaks-down-0-31-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-for-today-21-november-ada-breaks-down-0-31-level","title":{"rendered":"Cardano Price Prediction for Today, 21 November: ADA Breaks Down $0.31 Level"},"content":{"rendered":"

Sellers’ pressure increases in Cardano market<\/h2>\n

 ADA Price Analysis – <\/strong>21 November<\/strong><\/h2>\n

In case the sellers’ momentum further increases, Cardano<\/a> may test the support level of $0.30 and penetrate its downside toward $0.28 and $0.26 support levels. Should buyers defend the support level of $0.30, then, the price may reverse toward $0.31, $0.33, and $0.34 resistance levels.<\/p>\n

ADA\/USD Market<\/h2>\n

Key Levels:<\/h2>\n

Resistance levels: $0.31, $0.33, $0.34<\/p>\n

Support levels: $0.30, $0.28, 40.26<\/p>\n

 <\/p>\n

ADA\/USD Long-term Trend: Bearish<\/h2>\n

Cardano is bearish on the daily chart. On 22 November, Cardano tested the support level of $0.31 and it pulled back. The price increased and tested the resistance level of $0.37. When the bears defended the just-mentioned level, the bearish movement was restored. The sellers are increasing their momentum and last week’s support level turned to a resistance level.<\/p>\n

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Cardano is trading below the two dynamic resistance levels of 9-periods EMA and 21-periods EMA which connote an increase in the sellers’ momentum. In case the sellers’ momentum further increases, the price may test the support level of $0.30 and penetrate it downside toward $0.28 and $0.26 support levels. Should buyers defend the support level of $0.30, then, the price may reverse toward $0.31, $0.33, and $0.34 resistance levels.<\/p>\n

<\/h2>\n

ADA\/USD Medium-term Trend: Bearish<\/h2>\n

Cardano is bearish on the 4-hour chart. The bullish momentum is getting weak when the price tested a resistance level of $0.44 on 05 November. This indicate that sellers were exerting more pressure and the coin declines to test the previous low at $0.31 support level. The just-mentioned level could not hold the price at the moment, it seems the price is breaking down the support level of $0.31.<\/p>\n

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Price is trading below the two EMAs and the 9-periods EMA has crossed the 21-period EMA downside as an indication of increased bearish momentum. The relative strength index period 14 is pointing downside at 29 levels displaying a bearish direction. Sellers’ pressure increases in the Cardano market, the reverse is the case in the Dash 2 Trade market.<\/p>\n

The IMPT token<\/a> is eco-friendly and the number of investors are increasing rapidly. On the presale, it has realized $13 million, good enough the presale is still ongoing.<\/p>\n

The D2T token presale is still live and it has raised $6.5 million at the moment. The collapse of FTX brings about a need for a cutting-edge trading intelligence platform, and that exactly is what Dash 2 Trade<\/a> offers. It is a platform that can adequately detect impending adverse issues similar to what happened to FTX, and thus enabling investors and traders to pinpoint safe opportunities for good profits.<\/p>\n

Related<\/strong><\/p>\n