Cardano Price Analysis: ADA/USD Primed for More Gains

2018-9-14 11:00

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). The pair may continue to rise in the short term towards the $0.0750 and $0.0800 levels.

Cardano price is grinding higher against the US Dollar and Bitcoin. ADA/USD could gain traction once it clears the $0.0710 resistance in the near term.

Cardano Price Analysis

This week, we saw a solid decline in cardano price from the $0.0970 swing high against the US Dollar. The ADA/USD pair broke the $0.0800 and $0.0750 support levels. It traded close to the $0.0600 support where buyers emerged. Later, the price started a nice recovery and moved above the $0.0650 level. There was also a break above the 23.6% Fibonacci retracement level of the last significant drop from the $0.0810 high to $0.0604 low.

Additionally, there was a break above a crucial declining channel with resistance at $0.0680 on the hourly chart of the ADA/USD pair. The pair even settled above $0.0700 and the 100 hourly simple moving average. At the moment, the price is trading near a crucial resistance at $0.0710. It coincides with the 50% Fibonacci retracement level of the last significant drop from the $0.0810 high to $0.0604 low. Therefore, a successful break above $0.0707 and $0.0710 could open the doors for more upsides. The next major resistances are aligned near the $0.0750 and $0.0800 levels.

The chart indicates that ADA price is positioned nicely above the $0.0680 support and the 100 hourly SMA. If there is a break above $0.0710, there could be a solid rise towards the $0.0800 zone. On the other hand, below $0.0680, the price may drop back to $0.0610.

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

Hourly RSI – The RSI for ADA/USD is currently above the 50 level.

Major Support Level – $0.0680

Major Resistance Level – $0.0710

The post Cardano Price Analysis: ADA/USD Primed for More Gains appeared first on NewsBTC.

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 $ 0.0695018 (-100%)

ada price usd cardano pair gains primed

Источник: newsbtc.com

ada price → Результатов: 80


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 31 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

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).