ADAUSD Price Analysis – July 3
ADAUSD exited the previous session on the level at $0.0806 losing about (-3%), But today’s close may mark the lowest recorded price for a long while as the price failed to decisively move beyond the prior’s days trading range.
Supply Level: $0.040643, $0.057684, $0.066120
Demand Level: $0.105322, $0.098158, $0.090765
ADAUSD Long term Trend: Bullish
The failure to close below the supply zone might increase the levels of significance as a supply level going forward. Cardano may close below the moving average on the level at $0.0818 for the first in a while.
After trading down to the level at $0.0762 earlier during the day, the market bounced off the key technical supply zone on the level at $0.07614.
ADAUSD Short term Trend: Bullish
On the flip side of the 4-hour chart, we have more candlestick as a bullish, and many matched the price action where the shot-term volatility is currently higher than usual for the ADAUSD.
The pair is currently in a short term downtrend and this may just be a correction as both the medium and short term trends are still bullish.
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