Cardano / Dollar may fall to 0.2639 - 0.2925

0.3950 is our pivot point.

Our preference

The downside prevails as long as 0.3950 is resistance.

Alternative scenario

Above 0.3950, look for 0.4440 and 0.4732.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.3662 and 0.3554).

Supports and resistances

0.4732 **

0.4440 *

0.3950 **

0.3758

0.3527 last

0.2925

0.2639 **

0.2353 *

0.2067 **

Number of asterisks represents the strength of support and resistance levels.