Cardano’s price has started a new increase above the $ 0.7250 area. Ada is now consolidated and faces obstacles near the $ 0.760 area.
- The Ada price started a decent increase greater than $ 0.7250 and $ 0.7320.
- The price is exchanged over $ 0.740 and the simple 100 -hour mobile average.
- There is a reliable trendy line that is resisted with $ 0.7580 on the time graphic of the Ada/USD couple (source of data from Kraken).
- The couple could start another increase if it deletes the resistance area of $ 0.760.
Cardano Price Eyes Hupside Break
In the last few days, Cardano has seen a new increase compared to the level of $ 0.710, but has submitted Bitcoin and Ethereum. Ada was able to free the resistance levels of $ 0.7250 and $ 0.7320.
The price has eliminated the FIB retracement level of 50% of the recent drop from $ 0.7762 swing to a minimum of $ 0.7110. However, the price is approaching a pair of key obstacles on the positive side, starting from $ 0.7580. There is also a reliable trend line that is resisted with $ 0.7580 on the time graphic of the Ada/USD couple.
Cardano’s price is now exchanged above $ 0.740 and the simple mobile of 100 hours. On the positive side, the price could face the resistance near the $ 0.7580 area and the trend line.
The first resistance is close to $ 0.760 or the FIB retracement level of 76.4% of the recent drop in $ 0.7762 swing at the top of a minimum of $ 0.7110. The next resistance to the key could be $ 0.7720. If there is a closure above the resistance of $ 0.7720, the price could start a strong event. In the declared case, the price could rise to the $ 0.80 region. Other earnings may request a move to $ 0.8250 in the short term.
Another decline of the ADA?
If Cardano’s price fails to climb above the level of resistance of $ 0.760, he could start another drop. The immediate support on the reverse of the medal is close to the level of $ 0.7420.
The next important support is close to the level of $ 0.7260. A break down below the level of $ 0.7260 could open the doors for a test of $ 0.710. The next important support is close to the $ 0.680 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 – $ 0.7420 and $ 0.7260.
Main resistance levels – $ 0.7600 and $ 0.8000.