Cardano Price Analysis: ADA/USD Remains Supported Above $0.090

2018-8-20 11:15

Key Highlights ADA price made a nice upside move from the $0.0845 low and broke $0.100 against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0980 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair must is currently correcting lower and it remains well supported above $0.090.

Cardano price is following a bullish path against the US Dollar and Bitcoin. ADA/USD is likely to move past $0.1000 and $0.1100 for more gains in the near term.

Cardano Price Analysis

There was a decent support base formed near $0.0845 in cardano price against the US Dollar.  The ADA/USD pair started an upside move and traded above the $0.090 and $0.1000 resistance levels. It even broke the $0.1100 level and formed a high near $0.1121. During the upside move, the price also cleared a strong sell wall near the $0.1050 level and settled above the 100 hourly simple moving average.

Moreover, there was a break above a major bearish trend line with resistance at $0.0980 on the hourly chart of the ADA/USD pair. Later, the pair started a downside correction and moved below $0.1050. It also broke the 50% Fib retracement level of the last wave from the $0.0845 low to $0.1121 high. However, the price is currently finding bids near the $0.0980 level and the 100 hourly SMA. There is also a bullish trend line formed with support at $0.0980 on the same chart. Lastly, the 61.8% Fib retracement level of the last wave from the $0.0845 low to $0.1121 high is at $0.0950.

The chart indicates that ADA price is currently well supported above the $0.0950 level. On the upside, a push above the $0.1050 level is needed for buyers to gain traction for $0.1100 and $0.1120.

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

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

Major Support Level – $0.0950

Major Resistance Level – $0.1050

The post Cardano Price Analysis: ADA/USD Remains Supported Above $0.090 appeared first on NewsBTC.

origin »

Cardano (ADA) на Currencies.ru

$ 0.7078 (+0.04%)
Объем 24H $1.171b
Изменеия 24h: -2.42 %, 7d: -19.24 %
Cегодня L: $0.6926 - H: $0.7093
Капитализация $24.937b Rank 9
Цена в час новости $ 0.1013 (598.72%)

ada price usd above pair remains 090

ada price → Результатов: 59


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