Cardano ADA price needs to dip lower first for buyers to pick up ADA price again and it higher.
Since June 21, Cardano's price had a nice run higher, with buyers coming in at the $1.00 level and pushing it to $1.40 on June 29. But the hype behind ADA price is fading now, and it looks heavy to the downside with not much support to cling on to.
In a bandwidth, Cardano ADA price was quite smacked in the middle of the $1.00 and $1.90 when touching $1.40 before fading the last few hours. A clear breakout of the upward trendline could send ADA towards $1.30.
The upper Bollinger band confirms the trendline and looks like is setting a cap on any possible upside potential for now. On the downside, the lower Bollinger band looks to be falling in place with the descending trendline pattern starting from June 16.
Between $1.11 and $1.15, Cardano price presents the lower Bollinger band and the descending trendline as support level where buyers have to step in for an upswing again.
Markets, in general, are looking for direction, and with a little bit of risk-off, Cardano's price might be dipping lower in the coming days towards the weekend.
The median Bollinger band might provide some short-term support level, and if markets would turn back to risk-on, that might help lift ADA price back again to retest $1.43.
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