Cardano Price started a new raising over the $ 0.750. Ada is now working to merge the gains and may aim to a new step above the level of $ 0.80.
- ADA PRICE has started a new raising over $ 0.720 and $ 0.750.
- The price is traded above 0.750 dollars and the simple moving average is 100 hours.
- There was a break over the main landline line with resistance at $ 0.770 on the ADA/USD (data source from Kraken).
- The husband can start another increase if he wipes the resistance area of $ 0.80.
Cardano climbs above $ 0.750
After forming a base higher than $ 0.720, Cardano started a new rare in Bitcoin and Ethereum. ADA managed to scan resistance levels $ 0.750 and $ 0.80.
Until it rose above the level of $ 0.820. A height was formed at $ 0.8286 before there is a negative correction. The price tested the $ 0.7620 area and recently started a new increase. She wiped a resistance of $ 0.780. There was a higher step from the level of FIB re -declining by 50 % of the 0.8286 dollar negative aspect to a decrease of $ 0.7621.
There was also a break over the main dumping line with resistance at $ 0.770 on the ADA/USD chart. Cardano PRICE is now trading above $ 0.780 and a simple moving average 100 hours.
On the upper side, the price may face resistance near a $ 0.80 or a 61.8 % re -declining level of the negative side of the Swing of the Swing of 0.8286 dollars to $ 0.7621. The first resistance is approaching $ 0.820. The following key resistance may be $ 0.850.
If there is a closure over $ 0.850, the price may start in a strong gathering. In the mentioned case, the price may rise towards a region of $ 0.90. Any other gains may require moving about $ 1.00 in the short term.
Another decrease in Ada?
If the price of Cardano fails to rise above the resistance level of $ 0.80, another decrease may start. Immediate support on the negative side is near the level of $ 0.7750.
The next main support is near the level of $ 0.7620. The negative side break can open less than $ 0.7620 doors to test $ 0.750. The next main support is near the level of $ 0.720 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 – $ 0.7750 and $ 0.7620.
Main resistance levels – $ 0.8,000 and $ 0.8200.
