Cardano Price Analysis: ADA/USD Surging Towards $0.090

2018-10-15 11:28

Key Highlights

ADA price formed a decent support near the $0.0700 level and rallied recently against the US Dollar (tethered). There was a break above a key bearish trend line with resistance at $0.0802 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is placed nicely in a positive zone and it could move further towards $0.0880 and $0.0900.

Cardano price jumped back in a positive zone against the US Dollar and Bitcoin. ADA/USD is likely to accelerate gains towards the $0.0900 resistance.

Cardano Price Analysis

After a downside move below the $0.0800 level, cardano price found support against the US Dollar. The ADA/USD pair formed a decent support base near the $0.0700 level and later started an upside move. There was a sharp upward move and the price broke the $0.0750 resistance and the 100 hourly simple moving average. Moreover, there was a break above the 50% Fibonacci retracement level of the last decline from the $0.0886 high to $0.0694 low.

It opened the doors for more gains above the $0.0800 level. More importantly, there was a break above a key bearish trend line with resistance at $0.0802 on the hourly chart of the ADA/USD pair. The pair rallied further and traded above the $0.0810 level. There was a test of the 76.4% Fibonacci retracement level of the last decline from the $0.0886 high to $0.0694 low. The current price action is positive above the $0.0800 level and there could be more gains. On the upside, the price is facing a tough resistance near the $0.0880 and $0.0900 levels. A break above these may well open the doors for a push towards $0.1000.

The chart indicates that ADA price recovered nicely from the $0.0700 support base. If there is a downside correction, the $0.0750 level is likely to protected losses.

Hourly MACD – The MACD for ADA/USD is back in the bullish zone.

Hourly RSI – The RSI for ADA/USD is moving higher towards the 80 level.

Major Support Level – $0.0750

Major Resistance Level – $0.0880

The post Cardano Price Analysis: ADA/USD Surging Towards $0.090 appeared first on NewsBTC.

origin »

Selfkey (KEY) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0055279
Капитализация $0 Rank 99999
Цена в час новости $ 0.0056996 (-100%)

ada price usd pair key 090 surging

Источник: newsbtc.com

ada price → Результатов: 111


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 62 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is Cardano's $1 target a stretch? Why a breakdown could be near

ADA whale wallets now control 35.62% of the supply, but remain underwater. Will whales hold their ground or start trimming to break even? Cardano [ADA] isn’t getting much love from the whaThe post Is Cardano's $1 target a stretch? Why a breakdown could be near appeared first on AMBCrypto.