Cardano Price Regains Its Bearish Stance

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Cardano’s price regains its bearish stance as buyers fail to push it higher. Cardano has been unable to make a progressive spike in recent times, as it has been downplayed below the parity level. However, investors are still quite optimistic about its future growth.

Despite several rumors, the token has proven to be one of the most trustworthy blockchains and is currently causing serious competition in the crypto world. Cardano Network is preparing to transition its blockchain network, which could result in an influx of new users.

Cardano Key Levels To Watch – November 14

Following the breakdown below parity in April 2022, the token price had been under selling pressure for a long time. The cryptocurrency market continues to be in a bearish phase.
Cardano Price Regains Its Bearish Stance
The bears are currently bringing the price back down to the $0.3190 support level. This, however, follows the failure to gain momentum from the $0.3190 key zone.

The RSI (Relative Strength Index) shows sellers dissolving price on the daily chart back to the $0.3190 significant zone. More selling action is to be seen as a price plunge.

ADA Key Levels

Resistance Levels: $1.000 $0.5790
Support Levels: $0.4090, $0.3190

Total Market Capitalization: $18B
Cardano Market Capitalization:$15B
Cardano Volume: $4B
Market Rank: #9

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.