Cardano’s price is up by 3.9% but showing weakness in the current 4-hours chart.A correction is likely to play out if Cardano fails to reiterate bullish actions.ADA regained momentum at immediate support, although the price is now roofed at technical resistance.ADA/USD: Cardano Reaches Channel’s ResistanceKey Resistance Levels: $0.0481, $0.05, $0.053Key Support Levels: $0.0441, $0.041, $0.0372ADA/USD. Source: TradingViewCardano has continued to gain momentum following a 35% increase over the...
Read More »Crypto Price Analysis & Overview April 24th: Bitcoin, Ethereum, Ripple, Tezos, and Cardano
BitcoinBitcoin went through a 6.23% price hike over the past seven days of trading as the cryptocurrency managed to push to a fresh April high at $7,700. The coin met resistance at $7,200 last week, which caused it to drop beneath $7,000 at the start of this week. It went on to find support at $6,800, where it rebounded.On the rebound, Bitcoin took out resistance at $7,000, $7,200, and $7,400 as it spiked as high as $7,780. It since dropped to the current $7,500 level, where it faces...
Read More »Cardano Price Analysis: Following 8% Plunge, ADA Fails To Reclaim Key Resistance. New Monthly Low Incoming?
After a six-day recovery, Cardano resumes selling pressure following a daily 8% price dropAgainst USD, Cardano sharply broke below a weekly triangle pattern, after two days of consolidationAgainst BTC, A breakdown below 530 SAT level could likely send ADA to discover new lowsADA/USD: Triangle Breakdown Followed by Huge SelloffKey Resistance Levels: $0.0523, $0.056Key Support Levels: $0.045, $0.042A few days ago, Cardano saw a mild recovery of about 9% after a two-week-long correction that led...
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