Cardano Price has started a new increase from $ 0.620. ADA integrates approximately $ 0.70 and eyes more gains over the $ 0.720 area.
- Ada PRICE has started a recovery wave of $ 0.650.
- The price is traded above $ 0.680 and the simple moving average is 100 hours.
- There is a declining directional line connected to resistance at $ 0.7180 on the ADA/USD (data source from Kraken).
- The husband can start another increase if he wipes the resistance area of $ 0.720.
Cardano price faces resistance
In the past few sessions, Cardano has seen a new decrease from $ 0.7350, such as Bitcoin and Ethereum. ADA decreased to less than $ 0.720 and $ 0.70 support.
A decrease has been formed at $ 0.6826, and the prices are high again. There was a step higher than $ 0.70. The price has scanned the level of FIB re -declining by 50 % of the last decrease from 0.7338 dollars to a decrease of $ 0.6826.
Cardano Price is now trading above $ 0.680 and a simple moving average 100 hours. On the upward trend, the price may face resistance near the $ 0.7150 and REERERERENT 61.8 % level of the last decrease of $ 0.7338 to $ 0.6826.
There is also a declining trend line that is formed with resistance at $ 0.7180 on the ADA/USD chart. The first resistance is approaching $ 0.7250. The following key resistance may be $ 0.750.
If there is a closure over $ 0.750, the price may start in a strong gathering. In the mentioned case, the price may rise towards a region of $ 0.780. Any other gains may require the move about $ 0.80 in the short term.
Another drop in Ada?
If the price of Cardano fails to rise above the resistance level of $ 0.7150, another decrease may start. Immediate support on the negative side is near the level of $ 0.70.
The next main support is near the level of $ 0.680. The negative side break can open less than $ 0.680 doors to test $ 0.630. The next main support is near the level of $ 0.6175 where bulls may appear.
Technical indicators
Each MACD Watch – Macd is acquired for Ada/USD momentum in the upper area.
RSI Hour (Relative Power Index) – RSI for Ada/USD is now higher than 50 level.
Main support levels – $ 0.7,000 and $ 0.680.
Main resistance levels – $ 0.7150 and $ 0.7340.
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