Buyers are trying to sustain Cardano (ADA) above the uptrend line. The bulls tried to push the price higher on Sept. 21 but the long wick on the candlestick shows that bears are selling on intraday rallies.
If the price continues lower and slips below the uptrend line, the ADA/USDT pair could drop to the pivotal level at $0.40. If bears sink the price below this support, the pair could start the next leg of the downtrend.
On the upside, if bulls push the price above the 20-day EMA, the pair could rally to the downtrend line. Buyers will have to thrust the price above this resistance to gain the upper hand. The pair could then rise to $0.52 and thereafter to $0.60.
If the price continues lower and slips below the uptrend line, the ADA/USDT pair could drop to the pivotal level at $0.40. If bears sink the price below this support, the pair could start the next leg of the downtrend.
On the upside, if bulls push the price above the 20-day EMA, the pair could rally to the downtrend line. Buyers will have to thrust the price above this resistance to gain the upper hand. The pair could then rise to $0.52 and thereafter to $0.60.
