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Tag Archives: Cardano (ADA) Price

Cardano Price Analysis: ADA Fails At Critical Resistance, Here is The Level to Watch

After surging 60% from the bottom of the marked descending channel during the second half of March, Cardano has now reached a critical resistance level at the top of the channel. The bulls are trying to break out of it, however, they have so far failed in closing a daily candle above it. Unlike BTC and ETH, which are struggling at the daily MA-200 line, ADA has not yet managed to touch it. The important moving average currently lies around $1.5. Technical analysis by Grizzly...

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ADA Price Analysis: Cardano Hits $1.2 Resistance, What’s Next?

Key Support levels: $1, $0.78  Key Resistance levels: $1.2, $1.6 ADA’s bullish momentum took it all the way to $1.2, which was the main target for this rally. At the time of this writing, it seems unlikely for ADA to break above this level, and a short pullback might be in the cards. The major support is found at $1, but ADA may not fall that low if buyers remain interested. Chart by TradingViewTechnical Indicators Trading Volume: The volume is decreasing, and this supports...

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Cardano Price Analysis: ADA Building Bullish Cup & Handle Pattern with Target at $1.5

After tumbling 76% from its all-time high, Cardano found support at the bottom of the descending channel around $0.75 and was able to reclaim almost 50%. In a few weeks, ADA returned above the converted mark at $1. The Daily Chart Technical analysis by Grizzly On the daily timeframe, after a significant price surge, ADA reached the top of the descending channel as shown on the chart below (marked by yellow), which intersects with the static resistance at $1.2 (marked by...

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Cardano Price Analysis: All Eyes on $1 as ADA Explodes 8% Daily

Key Support levels: $0.78, $0.68 Key Resistance levels: $1, $1.2 After successfully testing the $0.78 level as support, ADA’s price quickly moved higher and is now approaching the key resistance at $1, which will be a significant test for buyers. The indicators are also turning quite bullish on this most recent price action, but volume continues to be lacking. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains flat so far. This is not ideal, but all...

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Cardano Price Analysis: ADA Soars 12% in a Week, What’s the Next Target?

After recording an all-time high at $3.10, Cardano entered into a correction that’s ongoing for 200 days so far. Meanwhile, bad news, such as delisting from the eToro exchange, has become a catalyst for further price retracement. Despite the rumors of burn mechanism rollout, there is no significant reaction. Technical Analysis by Grizzly The Daily Chart: Source: TradingViewOn the daily timeframe, ADA is trading in a descending channel (marked by yellow). During the downtrend,...

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Cardano Price Analysis: ADA Facing Downtrend, But These Signs Are Promising in The Mid-term

Cardano, one of the altcoins with exceptional performance in 2021, has now dropped 75 percent from its ATH. Recently, ADA lost the critical support level at $1. The price is now declining, forming a falling wedge, accompanied by 100-day MA (marked by a white line on the daily chart). The Daily Chart (USD Pair) Technical analysis by Grizzly The OBV indicator is also dropping below its downtrend line. Assessing these bearish signals, breaking above the red zone (static...

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Cardano Price Analysis: ADA at Decision Point, Huge Move Incoming?

ADA’s price had found solid support upon the critical level at $0.84 and was managed to hold it for the past several days, also unable to move higher. This consolidation is likely to end sooner or later with a huge move. Key Support levels: $0.84, $0.68 Key Resistance levels: $1, $1.1 As seen on the chart below, after getting rejected last week trying to break above the $1 key resistance level, ADA’s price quickly retraced down to retest the $0.84 mark. If buyers cannot push...

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Cardano Price Analysis: ADA Facing Critical Resistance Following 7% Weekly Gains

Key Support levels: $0.85 Key Resistance levels: $1, $1.1 ADA appears to be consolidating in a tight range between the $1 resistance and $0.85 support. While the indicators are turning bullish, the price action lacks momentum to take the cryptocurrency higher at the time of this post. Nevertheless, buyers may try to break above $1 again soon. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains healthy, but appears insufficient to take ADA above $1 at...

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Cardano Price Analysis: ADA Finds Support At Critical Level, Is $1 Retest Incoming?

Last Thursday, ADA plunged below key support; however, the Cardano native token was able to recover quickly. Since then, ADA saw a decent rebound with a long wick below the key support. Key Support levels: $0.85 Key Resistance levels: $1, $1.1 In our most recent analysis, ADA wicked below the critical support at $0.85, but it managed to reclaim it and confirm this level as support since then. This is a textbook bullish price action, but the main question is if ADA can sustain...

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Cardano Price Analysis: ADA Crashes 15% in a Day, Here’s the Next Support

Key Support levels: $0.68 Key Resistance levels: $0.85 ADA’s price lost the key support at $0.85 and is falling quickly. The level has now turned into resistance, and the cryptocurrency may fall all the way to $0.68 where buyers may attempt a reversal. The outlook is bearish and ADA is approaching oversold conditions. Chart by TradingViewTechnical Indicators Trading Volume: The large selling volume today has pushed the price much lower. An increasing volume during a decline...

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