ADA price is showing positive signs above the %excerpt%.3800 zone against the US Dollar. The price is now trading above %excerpt%.380 and the 55 simple moving average (4 hours). There was a break above a major contracting triangle with resistance near %excerpt%.3910 on the 4-hours chart (data feed via Coinbase). The price could gain bullish momentum if it clears the %excerpt%.410 and %excerpt%.420 resistance levels. Cardano price is rising above %excerpt%.3850 against the US Dollar, similar to Bitcoin. ADA price could rally if there is a clear move above the %excerpt%.420 resistance. Cardano Price Analysis This week, Cardano price started a steady increase above the %excerpt%.365 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the %excerpt%.380 and %excerpt%.388 levels. There was a clear move above
Topics:
Aayush Jindal considers the following as important: ADA, Altcoin News, Cardano, News, Trading
This could be interesting, too:
Bitcoin Schweiz News writes Diese 3 Bitcoin-Börsen sind für Anfänger besonders geeignet
Chayanika Deka writes Optimism for Republican Win Drives .2 Billion in Weekly Inflows into BTC, ETH Products
Chayanika Deka writes Bitcoin Leads Investor Activity with 9M in Outflows; But Multi-Asset Products Shine
Temitope Olatunji writes X Empire Unveils ‘Chill Phase’ Update: Community to Benefit from Expanded Tokenomics
- ADA price is showing positive signs above the $0.3800 zone against the US Dollar.
- The price is now trading above $0.380 and the 55 simple moving average (4 hours).
- There was a break above a major contracting triangle with resistance near $0.3910 on the 4-hours chart (data feed via Coinbase).
- The price could gain bullish momentum if it clears the $0.410 and $0.420 resistance levels.
Cardano price is rising above $0.3850 against the US Dollar, similar to Bitcoin. ADA price could rally if there is a clear move above the $0.420 resistance.
Cardano Price Analysis
This week, Cardano price started a steady increase above the $0.365 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.380 and $0.388 levels.
There was a clear move above the 50% Fib retracement level of the downward wave from the $0.4092 swing high to the $0.3711 low. Besides, there was a break above a major contracting triangle with resistance near $0.3910 on the 4-hours chart.
ADA price is now trading above $0.380 and the 55 simple moving average (4 hours). It is also showing positive signs above the $0.392 level. On the upside, immediate resistance is near the $0.4000 zone. It is near the 76.4% Fib retracement level of the downward wave from the $0.4092 swing high to the $0.3711 low.
The next major resistance is near the $0.4080 zone. A clear move above the $0.4080 resistance might start a strong increase toward $0.420. Any more gains above the $0.420 resistance might send the price toward the $0.445 resistance or even $0.450.
On the downside, immediate support is near the $0.392 level. The next major support is near the $0.388 level. A clear move below the $0.388 level might send the price toward the $0.380 level. Any more losses might send the price toward the $0.372 support.
Cardano (ADA) Price
The chart indicates that ADA price is now trading above $0.380 and the 55 simple moving average (4 hours). Overall, the price could gain bullish momentum if it clears the $0.410 and $0.420 resistance levels.
Technical Indicators
4 hours MACD – The MACD for ADA/USD is now gaining pace in the bullish zone.
4 hours RSI – The RSI for ADA/USD is now above the 50 level.
Key Support Levels – $0.392 and $0.388.
Key Resistance Levels – $0.408 and $0.420.