Cardano Price Analysis: ADA/USD Could Test $0.060

2018-9-12 11:00

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). The pair is likely to break the $0.0620 support area and decline further in the near term.

Cardano price is moving lower against the US Dollar and Bitcoin. ADA/USD may continue to trade lower towards the $0.0600 support area if sellers remain in control.

Cardano Price Analysis

This week, there were heavy declines below the $0.0900 support in cardano price against the US Dollar. The ADA/USD pair declined and broke a couple of important support levels like $0.0800 and $0.0750. The decline was such that the price recently broke the $0.0700 support area and dived below $0.0650. A new monthly low was formed at $0.0628 and the price remains in a bearish zone.

An initial resistance on the upside is near $0.0670. It represents the 23.6% Fibonacci retracement level of the last slide from the $0.0810 high to $0.0628 low. More importantly, there is a major declining channel in place with resistance at $0.0700 on the hourly chart of the ADA/USD pair. Above the channel resistance, the next hurdle is near the $0.0720 level. The stated $0.0720 level is close to the 50% Fibonacci retracement level of the last slide from the $0.0810 high to $0.0628 low. Lastly, the 100 hourly simple moving average is positioned near the $0.0760 level to act as a hurdle for buyers.

The chart indicates that ADA price may correct a few points in the short term towards $0.0700. However, upsides are likely to be capped by the $0.0700 and $0.0720 resistance levels. On the downside, a break below the $0.0628 low could open the doors for a push to $0.0600.

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

Hourly RSI – The RSI for ADA/USD is presently well below the 40 level.

Major Support Level – $0.0600

Major Resistance Level – $0.0720

The post Cardano Price Analysis: ADA/USD Could Test $0.060 appeared first on NewsBTC.

origin »

Cardano (ADA) на Currencies.ru

$ 0.7019 (+0.02%)
Объем 24H $1.193b
Изменеия 24h: -4.20 %, 7d: -15.79 %
Cегодня L: $0.6926 - H: $0.7077
Капитализация $24.73b Rank 8
Цена в час новости $ 0.070029 (902.3%)

ada price usd 0700 cardano pair support

Источник: newsbtc.com

ada price → Результатов: 77


Cardano’s Q4 Triumph Shaken by Market Plunge—What’s Next for ADA Price?

Cardano weathered a mixed end to 2024. While Q4 brought substantial gains in price and treasury holdings, recent weeks have seen ADA tumble alongside most cryptocurrencies.   The project did roll out major governance improvements and saw more DeFi activity, but it’s still grappling with a cooling NFT market and struggles to keep users consistently engaged.

2025-2-28 10:30


Is Cardano Price Set to Explode? Key Chart Patterns Suggest What’s Next for ADA

The price of ADA has been showing interesting patterns. The daily chart shows a symmetrical triangle forming—a pattern that often hints at where the price might go next. Prominent analyst Freedom By 40 posted about it on X (formerly Twitter), saying, “$ADA looks great for continuation,” showing some faith in the market’s direction.

2024-12-29 10:00


дальше еще 28 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

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 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).