Logo
Cardano Ecosystem

Elevenews

04/02/2021

·

805 views


Cardano Price Prediction: ADA needs to cross this level to break the monotony

ADA/USD holds gains above 200-SMA despite recently choppy moves. SuperTrend also flashes buy signal, MACD swinging back towards bullish favor. Two-week-old resistance line guards immediate upside, bears to have a bumpy road on their return. Cardano bulls stay hopeful...

Cardano Price Prediction: ADA needs to cross this level to break the monotony
  • ADA/USD holds gains above 200-SMA despite recently choppy moves.
  • SuperTrend also flashes buy signal, MACD swinging back towards bullish favor.
  • Two-week-old resistance line guards immediate upside, bears to have a bumpy road on their return.

Cardano bulls stay hopeful even as the quote seesaws around 1.1950, up 0.86% intraday, during early Friday.

Not only the cryptocurrency pair’s sustained trading above 200-SMA but buy signals from SuperTrend indicator and MACD’s gradual rush towards the bullish zone also suggest further upside quote the quote.

However, a clear break of the downward sloping trend line from March 19, around 1.2555, becomes necessary for the buyer’s entry.

Following that a two-week top near 1.3560 can offer an intermediate halt during the rally towards the 1.5000 threshold comprising the previous month’s top.

Meanwhile, the 1.2000 round-figure can offer immediate support ahead of highlighting the 200-SMA level of 1.1737.

Although prices are likely to bounce off 1.1737, failures to do so will make ADA/USD vulnerable to test the previous month’s low near 0.9560.

ADA/USD four-hour chart

Trend: Bullish

News Source

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Elevenews

ORIGINAL SOURCE

https://elevenews.com/2021/04/02/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.


More from Elevenews

See more
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS
Elevenews
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS

11/07/2023

·

760 views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    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)