Cardano (ADA) Price Analysis for February 19

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Cardano (ADA) Price Analysis for February 19
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$ADA price analysis: if the candle fixes near $0.917, one can expect one more sharp drop to $0.810 shortly ADA Cardano

On the hourly chart, Cardano is fighting for the vital level of $1. The selling volume is going down, which means that bears are lacking energy to keep the pressure up.

In this case, there is a chance to see a local bounceback shortly to the area of $1.01.On the bigger time frame, Cardano is going down after a false brekaout of the major liquidity zone at $1.069 that serves as the resistance. The trading volume is going up, which means that the drop may not have ended yet.

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