Cardano (ADA) has lost 9% of its value in the last 24 hours and has dropped to the 4th place in the ranking of the largest cryptocurrencies.
When we examine the ADA chart, the first support level of ADA appears at $ 1.07, followed by the support levels at $ 1.00, $ 0.944 and $ 0.817.
The first resistance point is $ 1.20; If it breaks this level, it will have to break the $ 1.32, 1.40 and $ 1.48 resistance levels. The resistance point added to the next ATH (bullish) points is the levels of 1.62 and 1.69 dollars.
In addition, the RSI in the chart is showing a bearish trend. It is currently floating in the midlines, indicating that the upward momentum seen during February is waning. If the RSI continues below 50, the declining momentum may gather strength and presumably cause the ADA to drop to $ 1.00 levels.
Monero (XMR) created a rising triangle pattern on the 4-hour chart, causing crypto traders to expect strong action with its trading volume. The pattern in question is a bullish pattern indicating that XMR can retest the $ 270 level, but if XMR breaks the $ 210 support level, this expected rise may not materialize and it could see $ 180 levels.