Cardano (ADAUSD) price rose in its latest intraday trading after its current support level at $0.2370 held firm, giving the price some positive momentum through which it attempts to recover part of its previous losses, amid the dominance of a short-term corrective bearish trend while moving alongside a steep trend line supporting this path, with continued negative pressure from trading below its 50-day SMA, which increases the surrounding negative pressure on the price, especially with continued negative signals from the Stochastic indicators.

Therefore we expect the digital currency price to decline in its upcoming intraday trading, especially if it breaks below the mentioned support level at $0.2370, targeting the key support level at $0.2275 afterward.

Todays price forecast: Bearish