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Cardano Price Analysis: ADA Corrects Down to $0.3835 amid Selling Pressure

According to the Cardano price analysis, ADA’s price chart is displaying a bearish trend, with a series of lower highs and lower lows.

The ADA/USD pair has been under bearish pressure since the beginning of the trading session today.

At the time of writing, ADA is trading at $0.3835, reflecting a 2.53% loss over the last 24 hours.

The Cardano Price Analysis: ADA Corrects Down to $0.3835 amid Sellinimmediate support for Cardano Price ADA is located at $0.3794, and if this support is breached, the next support level is expected at $0.3750. On the other hand, the immediate resistance for ADA/USD is observed at $0.3934. If the bulls manage to push the price above this resistance level, the next resistance lies at $0.40. Cardano Price

Cardano Price Analysis Daily Chart: Bears Pushing ADA Price Towards $0.3800

On the daily chart, Cardano price analysis indicates a persistent downtrend as the price has been Cardano declining steadily.

The day started with ADA trading above $0.3900, but it quickly fell to a low of $0.3794. The price movement has formed a falling wedge pattern, which indicates that bears are driving the market momentum.

The current market capitalization for ADA is $13,351,418,529, with a circulating supply of 34,814,516,794 ADA coins in circulation. Cardano Price Analysis: ADA Corrects Down to $0.3835 amid Selling Pressure the time of writing, ADA is trading at $0.3835, reflecting a 2.53% loss over the last 24 hours.

The immediate support for ADA is located at $0.3794, Down to $0.3835 amid Selling Cardano Price

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