Cardano (ADA) Jumps 10%: Is a $0.50 Retest on the Horizon?
25 Septembre 2024 - 7:18AM
NEWSBTC
Cardano price started a decent increase above the $0.3620
resistance. ADA is now showing positive signs and might rise
further toward $0.420. ADA price started a recovery wave from the
$0.3420 level. The price is trading above $0.380 and the 100-hourly
simple moving average. There is a key bullish trend line forming
with support at $0.3810 on the hourly chart of the ADA/USD pair
(data source from Kraken). The pair could continue to move up if it
remains stable above the $0.3800 support zone. Cardano Price Starts
Steady Increase After forming a base above the $0.3420 level,
Cardano started a decent increase. There was a decent move above
the $0.3550 and $0.3650 resistance levels like Bitcoin and
Ethereum. The bulls even pushed the price above the $0.380
resistance. A high was formed at $0.3938 and the price is now
consolidating gains. It is above the 23.6% Fib retracement level of
the upward move from the $0.3432 swing low to the $0.3938 high.
Cardano price is now trading above $0.380 and the 100-hourly simple
moving average. There is also a key bullish trend line forming with
support at $0.3810 on the hourly chart of the ADA/USD pair. On the
upside, the price might face resistance near the $0.3900 zone. The
first resistance is near $0.3940. The next key resistance might be
$0.4200. If there is a close above the $0.4200 resistance, the
price could start a strong rally. In the stated case, the price
could rise toward the $0.450 region. Any more gains might call for
a move toward $0.500. Are Dips Supported in ADA? If Cardano’s price
fails to climb above the $0.3900 resistance level, it could start
another decline. Immediate support on the downside is near the
$0.380 level and the trend line. The next major support is near the
$0.3650 level or the 50% Fib retracement level of the upward move
from the $0.3432 swing low to the $0.3938 high. A downside break
below the $0.3650 level could open the doors for a test of $0.3550.
The next major support is near the $0.3420 level where the bulls
might emerge. Technical Indicators Hourly MACD – The MACD for
ADA/USD is gaining momentum in the bullish zone. Hourly RSI
(Relative Strength Index) – The RSI for ADA/USD is now above the 50
level. Major Support Levels – $0.3800 and $0.3650. Major Resistance
Levels – $0.3900 and $0.4200.
Cardano (COIN:ADAUSD)
Graphique Historique de l'Action
De Sept 2024 à Oct 2024
Cardano (COIN:ADAUSD)
Graphique Historique de l'Action
De Oct 2023 à Oct 2024