- ADA price formed a decent support base near the $0.0600 Niveau gegenüber dem US-Dollar (tethered).
- There was a break above a crucial declining channel with resistance at $0.0680 auf dem Stundenplan des ADA / USD (Datenzuführung über Bittrex).
- The pair may continue to rise in the short term towards the $0.0750 und $0.0800 Ebenen.
Cardano price is grinding higher against the US Dollar and Bitcoin. ADA/USD could gain traction once it clears the $0.0710 resistance in the near term.
Diese Woche, we saw a solid decline in cardano price from the $0.0970 schwingen Hoch gegenüber dem US-Dollar. The ADA/USD pair broke the $0.0800 und $0.0750 Support-Levels. Es gehandelt nahe an der $0.0600 support where buyers emerged. Später, the price started a nice recovery and moved above the $0.0650 Niveau. There was also a break above the 23.6% Fibonacci retracement level of the last significant drop from the $0.0810 hoch $0.0604 niedrig.
zusätzlich, there was a break above a crucial declining channel with resistance at $0.0680 auf dem Stundenplan des ADA / USD. The pair even settled above $0.0700 und das 100 stündlicher einfacher gleitender Durchschnitt. At the moment, the price is trading near a crucial resistance at $0.0710. It coincides with the 50% Fibonacci retracement level of the last significant drop from the $0.0810 hoch $0.0604 niedrig. Deshalb, a successful break above $0.0707 und $0.0710 could open the doors for more upsides. The next major resistances are aligned near the $0.0750 und $0.0800 Ebenen.
The chart indicates that ADA price is positioned nicely above the $0.0680 Unterstützung und die 100 hourly SMA. If there is a break above $0.0710, there could be a solid rise towards the $0.0800 Zone. Andererseits, below $0.0680, the price may drop back to $0.0610.
Hourly MACD – The MACD for ADA/USD is slightly in the bearish zone.
Hourly RSI – The RSI for ADA/USD is currently above the 50 Niveau.
Major Support Level - $0.0680
Major Resistance Level - $0.0710
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