Cardano Dips Down – ADA/USD trading at $0.038922 at the time of analysis and slopes down at the rate of -3.36%. The cryptocurrency market has bullish influence for the past few days and has its influence on all of the alt-coins except Dogecoin, Bitcoin cash and tether. Currently, most of the alt-coins are embracing the bulls. Cardano greets the bears after a flat trend sloping all the way from 23rd and further continues to slop negative. At present ADA/USD descends to 0.038922 embracing the bearish trend. The coins aim at crossing the areas of supports for further demand to buy.
ADA/USD Price Analysis And Forecast For September 25th, 2019 – Greets Bear. The Pair ADA/USD slopes down at the rate of -3.31%. The moving average at 0.0022260 incorporates bear involving the buyers to buy more to cross support area leading to overbuy than the requirement. The bearish trend displays orange and blue MACD. The RSI at 32.85 indicates the involvement of both buyers and sellers. The price may range from $0.038922 – $ 0.035000.
Reverse effect of the bears will intend more sellers to participate and take over the market. This will decline the buyers’ participation in the market. The price may range from $0.038922 – $0.039500.