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Price analysis 10/10: ADA
Cardano has been gradually sliding toward the vital support at $0.40. This level has held on two previous occasions; hence, the bulls are again expected to mount a strong defense at this support. Any rebound is likely to face selling at the 20-day EMA ($0.43) and again at the 50-day simple moving average (SMA) ($0.45). The pair could then rally to the downtrend line. Instead, if the price breaks below the support at $0.40, it will signal the resumption of the downtrend. Source - Coin Telegraph
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