ADA Price Hold Strong At $0.30: Indicators Suggest Fresh Rally To $0.38

2023-7-20 07:51

Cardano’s price is holding the key support at $0.30. ADA could start a steady increase if there is a clear move above the $0.340 resistance.

ADA price is showing positive signs above the $0.30 level against the US dollar. The price is trading above $0.300 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above the $0.340 resistance. Cardano’s ADA Price Signals Fresh Increase

This past week, Cardano’s price started a downside correction from the $0.379 high. The price traded below the $0.365 and $0.340 support levels to move into a short-term bearish zone, similar to Bitcoin and Ethereum.

However, the bulls were active above the $0.30 level. A low is formed near $0.3001 and the price is now rising. There was a break above the $0.320 resistance. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.379 swing high to the $0.300 low.

ADA price is now trading above $0.300 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA/USD pair.

On the upside, immediate resistance is near the $0.340 zone. It is close to the 50% Fib retracement level of the downward move from the $0.379 swing high to the $0.300 low.

Source: ADAUSD on TradingView.com

The first major resistance is forming near the $0.350 zone. The next key resistance might be $0.365. If there is a close above the $0.365 resistance, the price could start a decent increase. In the stated case, the price could rise toward the $0.380 resistance zone.

Are Dips Limited in ADA?

If Cardano’s price fails to climb above the $0.340 resistance level, it could start another decline. Immediate support on the downside is near the $0.315 level.

The next major support is near the $0.30 level and the trend line. A downside break below the $0.30 level could open the doors for a sharp fresh decline toward $0.275. The next major support is near the $0.262 level.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.

Major Support Levels – $0.315, $0.300, and $0.275.

Major Resistance Levels – $0.340, $0.350, and $0.365.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.3267 (-100%)

ada price above 340 clear move showing

Источник: newsbtc.com

ada price → Результатов: 126


Cardano (ADA) Price Bound for Another Correction Despite Already Immense Fall

To conclude, there are three reasons why the ADA price trend is considered bearish: The breakdown from the $0.350 horizontal area The invalidation of the bullish divergence trendline in the weekly RSI ADA's long-term descending resistance line The post Cardano (ADA) Price Bound for Another Correction Despite Already Immense Fall appeared first on BeInCrypto.

2022-12-29 19:45


Cardano (ADA) Price Prediction 2021 | 2025 | 2030 – Future Forecast For ADA Price

In this guide, we will voice our own and market’s opinion on ADA future while discussing Cardano price forecast for 2020 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a […] The post Cardano (ADA) Price Prediction 2021 | 2025 | 2030 – Future Forecast For ADA Price appeared first on CaptainAltcoin.

2020-11-19 19:37


Фото:

Will ADA Break Out Above 1500 Satoshis?

The Cardano (ADA) price has been increasing since March and doing so at an accelerated rate since June. The price is currently correcting, after which the upward move should resume. Long-Term ADA Movement The weekly chart for ADA shows a double bottom combined with significant bullish divergence on the weekly RSI from August 2019 – […] The post Will ADA Break Out Above 1500 Satoshis? appeared first on BeInCrypto.

2020-7-21 20:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Can Cardano whales help overcome ADA's 7% drop in value?

The number of ADA whales that hold between 100 million and 1 billion coins has increased in the last month. However, ADA’s price remains plagued by bearish sentiments. Cardano's [ADA] whalThe post Can Cardano whales help overcome ADA's 7% drop in value? appeared first on AMBCrypto.

Is Cardano a 'must-buy' right now? Key points about ADA's 2024 fortunes

Social media engagement and user activity have been falling in the past six weeks. The NVT and mean coin age metrics posed a dilemma to investors. Cardano [ADA] was unable to shake off its bThe post Is Cardano a 'must-buy' right now? Key points about ADA's 2024 fortunes appeared first on AMBCrypto.

Cardano's short positions increase: What should you do with your ADA?

Short positions taken against ADA grew significantly. Activity on the Cardano network fell materially as well. Cardano [ADA] has been one of the many coins that has not been performing as weThe post Cardano's short positions increase: What should you do with your ADA? appeared first on AMBCrypto.