Logo
Cardano Ecosystem

Live BTC News

04/11/2023

·

56 views


Cardano (ADA) Price Analysis: Rally Could Gain Pace Above $0.42 | Live Bitcoin News

ADA price is showing positive signs above the $0.3800 zone against the US Dollar. The price is now trading above $0.380 and the 55 simple moving average (4 hours). There was a break above a major contracting...

Cardano (ADA) Price Analysis: Rally Could Gain Pace Above $0.42 | Live Bitcoin News
  • ADA price is showing positive signs above the $0.3800 zone against the US Dollar.
  • The price is now trading above $0.380 and the 55 simple moving average (4 hours).
  • There was a break above a major contracting triangle with resistance near $0.3910 on the 4-hours chart (data feed via Coinbase).
  • The price could gain bullish momentum if it clears the $0.410 and $0.420 resistance levels.

Cardano price is rising above $0.3850 against the US Dollar, similar to Bitcoin. ADA price could rally if there is a clear move above the $0.420 resistance.

Cardano Price Analysis

This week, Cardano price started a steady increase above the $0.365 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.380 and $0.388 levels.

There was a clear move above the 50% Fib retracement level of the downward wave from the $0.4092 swing high to the $0.3711 low. Besides, there was a break above a major contracting triangle with resistance near $0.3910 on the 4-hours chart.

ADA price is now trading above $0.380 and the 55 simple moving average (4 hours). It is also showing positive signs above the $0.392 level. On the upside, immediate resistance is near the $0.4000 zone. It is near the 76.4% Fib retracement level of the downward wave from the $0.4092 swing high to the $0.3711 low.

The next major resistance is near the $0.4080 zone. A clear move above the $0.4080 resistance might start a strong increase toward $0.420. Any more gains above the $0.420 resistance might send the price toward the $0.445 resistance or even $0.450.

On the downside, immediate support is near the $0.392 level. The next major support is near the $0.388 level. A clear move below the $0.388 level might send the price toward the $0.380 level. Any more losses might send the price toward the $0.372 support.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is now trading above $0.380 and the 55 simple moving average (4 hours). Overall, the price could gain bullish momentum if it clears the $0.410 and $0.420 resistance levels.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is now gaining pace in the bullish zone.

4 hours RSI – The RSI for ADA/USD is now above the 50 level.

Key Support Levels – $0.392 and $0.388.

Key Resistance Levels – $0.408 and $0.420.

Tags: ADA, Cardano

AD

NotifyLog - One stop tool for events tracking and analytics

NotifyLog is a powerful tool for events tracking and analytics. It helps you to track events from your website, mobile app, and server.CREATE YOUR FREE ACCOUNT


Read Original Article on Live BTC News

ORIGINAL SOURCE

https://www.livebitcoinnews.com/cardano-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


NotifyLog - One stop tool for events tracking and analytics

More from Live BTC News

See more
Cardano (ADA) Price Analysis: Risk of Bearish Thrust Below $0.35 | Live Bitcoin News
Live BTC News
Cardano (ADA) Price Analysis: Risk of Bearish Thrust Below $0.35 | Live Bitcoin News

05/16/2023

·

17 views

Related News

See more
WingRiders Governance Token

Featured News

See more
WingRiders Governance Token



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
NotifyLog - One stop tool for events tracking and analytics