Cardano Price Analysis: ADA/USD Could Test $0.1100

2018-6-29 11:00

Key Highlights ADA price is under heavy pressure and is currently trading well below $0.1300 against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance at $0.1210 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to continue its downside move towards the $0.1100 support level in the near term.

Cardano price extended its slide against the US Dollar and Bitcoin. ADA/USD remains at a risk of more losses towards the $0.1100 and $0.1000 levels.

Cardano Price Analysis

There was a minor upside move above the $0.1250 level recently in ADA price against the US Dollar. The ADA/USD pair traded towards $0.1300, but it failed to gain upside momentum. As a result, there was a downside reaction and the price declined below the $0.1200 support. The drop was such that the price traded to a new monthly low below $0.1140 and is currently trading well below the 100 hourly simple moving average.

A low was formed at $0.1132 and the price is currently correcting higher. An initial resistance is near the 38.2% Fib retracement level of the last decline from the $0.1287 high to $0.1132 low. However, the most important resistance is near the $0.1210 level. There is also a crucial bearish trend line formed with resistance at $0.1210 on the hourly chart of the ADA/USD pair. It coincides with the 50% Fib retracement level of the last decline from the $0.1287 high to $0.1132 low. Therefore, any upside move from the current levels is likely to face sellers near $0.1210.

The chart indicates that the price is clearly in a major downtrend below $0.1500. More losses are likely towards the $0.1100 and $0.1000 support levels in the near term.

Hourly MACD – The MACD for ADA/USD is gaining pace in the bearish zone.

Hourly RSI – The RSI for ADA/USD is near the oversold levels with no major sign of a recovery.

Major Support Level – $0.1100

Major Resistance Level – $0.1210

The post Cardano Price Analysis: ADA/USD Could Test $0.1100 appeared first on NewsBTC.

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ada price usd cardano pair analysis could

Источник: newsbtc.com

ada price → Результатов: 17


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2022-12-29 19:45


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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.

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Cardano Price Analysis: ADA/USD Primed for More Gains

Key Highlights ADA price formed a decent support base near the $0. 0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0. 0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

Cardano Price Analysis: ADA/USD Could Test $0.060

Key Highlights ADA price declined further and broke the $0. 0700 support level against the US Dollar (tethered). There is a major declining channel in place with resistance at $0. 0700 on the hourly chart of the ADA/USD pair (data feed via Bittrex).

Cardano Price Analysis: ADA/USD Likely To Extend Declines

Key Highlights ADA price is under heavy pressure and it could soon break the $0. 0740 support against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0. 0780 on the hourly chart of the ADA/USD pair (data feed via Bittrex).