{"id":520966,"date":"2023-02-24T20:00:06","date_gmt":"2023-02-24T20:00:06","guid":{"rendered":"https:\/\/ktsl888.com\/?p=520966"},"modified":"2023-02-24T18:45:03","modified_gmt":"2023-02-24T18:45:03","slug":"bulls-have-to-defend-this-level-to-prevent-cardano-from-sliding-further","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/bulls-have-to-defend-this-level-to-prevent-cardano-from-sliding-further\/","title":{"rendered":"Bulls Have To Defend This Level To Prevent Cardano From Sliding Further"},"content":{"rendered":"
Due to recent losses, the Cardano price is moving within a descending channel. Over the last 24 hours, the ADA price fell by 2%, and the altcoin price has failed to progress in the past week. The bears have maintained control of Cardano for the last two weeks.<\/p>\n
At the moment, the ADA price is moving closer to its key support line. The technical outlook of the altcoin is siding with the bears as the altcoin lost buying pressure at press time. Both demand and accumulation fell on the daily chart, reflecting that the bears are attempting to take over the altcoin price.<\/p>\n