Cardano Price has started a new increase from the $ 0.7280 area. Ada is now increasing and could attempt a clear move above the $ 0.80 area.
- The Ada price started a new increase from the support area of $ 0.7280.
- The price is exchanged below $ 0.80 and the simple 100 -hour mobile average.
- There has been a break on a key -up line of key up with $ 0.7710 resistance on the time graphics of the Ada/USD couple (source of data from Kraken).
- The couple may start a new increase and cancel the $ 0.80 area.
Cardano Price Eyes increases
After a strong drop, Cardano found support near the $ 0.7280 area, such as Bitcoin Ethereum. Ada has formed a base above the $ 0.730 area and started a decent increase.
There was a clear move above the resistance levels of $ 0.7450 and $ 0.7650. There has been a break on a key -up line of key up with $ 0.7710 on the time graphic of the Ada/USD couple. The Bulls pushed the price above the FIB retracement level of 23.6% of the move down from the top of $ 0.8557 at the top to a minimum of $ 0.7287.
Cardano’s price is now exchanged below $ 0.80 and the simple mobile average of 100 hours. On the positive side, the price could face the resistance near the $ 0.7920 area and the FIB retracement level of 50% of the move down from above $ 0.8557 at the top to a minimum of $ 0.7287.
The first resistance is close to $ 0.80. The next resistance to the key could be $ 0.8080. If there is a closure above the resistance of $ 0.8080, the price could start a strong event. In the declared case, the price could rise to the $ 0.880 region. Other earnings may request a move to $ 0.920 in the short term.
Another decline of the ADA?
If Cardano’s price cannot go up above the level of resistance of $ 0.80, another drop may start. The immediate support on the reverse of the medal is close to the level of $ 0.770.
The next important support is close to the level of $ 0.7520. A downward break below the level of $ 0.7520 could open the doors for a test of $ 0.7280. The next great support is close to the $ 0.70 level in which the bulls could emerge.
Technical indicators
MACD TIME – The MacD for Ada/USD is gaining momentum in the bullish area.
Tempo RSI (relative resistance index) – The RSI for Ada/USD is now above level 50.
Main support levels – $ 0.7520 and $ 0.7280.
The main resistance levels – $ 0.7920 and $ 0.8000.