ADA Price Prediction – Here’s Why Cardano Could Pump Again Above $0.75

2024-3-15 08:28

Cardano (ADA) is correcting gains from the $0.80 resistance zone. ADA could start a fresh increase if it stays above the $0.6880 support zone.

ADA price is slowly moving lower from the $0.80 zone. The price is trading below $0.720 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.6880 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.680 support. Cardano Price Reaches Key Support

After forming a base above the $0.580 level, Cardano started a fresh increase. ADA price was able to climb above the $0.620 and $0.680 resistance levels to move into a positive zone, like Bitcoin and Ethereum.

The bulls pushed the pair above the $0.700 resistance zone. However, the bears were active near the $0.80 resistance zone. A high was formed near $0.8097 and the price started a downside correction. There was a move below the $0.750 level.

The price declined below the 23.6% Fib retracement level of the upward wave from the $0.5754 swing low to the $0.8097 high. ADA price is now trading below $0.7250 and the 100 simple moving average (4 hours).

There is also a key bullish trend line forming with support at $0.6880 on the 4-hour chart of the ADA/USD pair. The trend line is near the 50% Fib retracement level of the upward wave from the $0.5754 swing low to the $0.8097 high.

Source: ADAUSD on TradingView.com

The bulls might remain active near the $0.680 support. On the upside, immediate resistance is near the $0.7220 zone. The first resistance is near $0.740. The next key resistance might be $0.800. If there is a close above the $0.800 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8250 region. Any more gains might call for a move toward $0.850.

More Losses in ADA?

If Cardano’s price fails to climb above the $0.7220 resistance level, it could continue to move down. Immediate support on the downside is near the $0.6880 level.

The next major support is near the $0.680 level. A downside break below the $0.680 level could open the doors for a test of $0.6350. The next major support is near the $0.6120 level.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is losing momentum in the bearish zone.

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

Major Support Levels – $0.6880, $0.6800, and $0.6350.

Major Resistance Levels – $0.7220, $0.7400, and $0.8000.

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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
Доступно / Всего 0 ADA

ada zone above cardano could price stays

Источник: newsbtc.com

ada zone → Результатов: 2


Киты аккумулировали почти 25% от общего предложения Cardano

Cardano (ADA) начинает февраль в зеленой зоне, монета подорожала до $1,06. За последние 24 часа капитализация ADA увеличилась до $35,653 млрд. На минувшей неделе команда Santiment обратила внимание на активизацию крупнейших Cardano-адресов, удерживающих криптовалюту на суммы от $10 500 до $1,5 млн.

2022-2-3 11:56


Фото:

Рост BTC и ADA потянул за собой весь рынок

За последние 10 дней курс биткоина второй раз перескочил отметку $50 000. Cardano (ADA)  обновил исторический максимум. ETH и другие альткоины тоже находятся в «зелёной зоне».

2021-9-2 16:06


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Аналог Notcoin - Blum - Играй и зарабатывай Монеты



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