ADABTC Price Analysis – June 20
After the bulls run on the first three days for cryptocurrencies this week, there is a more push downwards and a slight slowdown in the market from today. And this scenario is observed on Cardano’s momentum in the market. However, the fundamentals are strong for the pair and it will influence the ADABTC technical trend in the long term.
Demand Level: 0.00001100, 0.00000996
Supply Level: 0.00000911, 0.0000080
ADABTC Long term trend: Bearish
The pair was trading on the low after having been unable to move above the level at 0.00001002 in the prior session, and the cryptocurrency ran into sellers again around the same price level today missing to move higher than the level at 0.00000996.
ADABTC’S longer term volatility is currently slightly higher than the usual for the pair and the trend is showing an intact downtrend in the long term.
ADABTC Short term trend: Bearish
Technically on the short term chart, we see that with prices trading close to the year’s low on the level at 0.00000911, the downside momentum of the pair could speed up should ADA breakout to new lows for the year.
ADABTC has closed lower almost a 100% of the time on the next trading day after the market condition occurred, so we see on the short term trend that the downside momentum has confirmed the bias for the pair.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results