Cardano Price started a new raising over $ 0.70. Ada is now correcting the gains and fighting to start another increase above $ 0.780.
- ADA PRICE has started a new raising over $ 0.70 and $ 0.720.
- The price is traded above $ 0.720 and the simple moving average is 100 hours.
- There is a main climbing trend with support at $ 0.750 on the ADA/USD -US -US -back chart.
- The husband can start another decrease if it is trading without the support area of $ 0.7150.
Cardano climbs more than $ 0.70
After forming a base higher than the level of $ 0.650, Cardano began a new crowd to beat Bitcoin and Ethereum. Ada managed to scan resistance levels $ 0.70 and $ 0.720.
Until it rose above the level of $ 0.80. A height has been formed at $ 0.8204 and the price is now correcting the gains. There was a move less than a level of $ 0.80. The price fell below the FIB rate by 23.6 % of the upward transition from the tower’s decrease of $ 0.6512 to an increase of $ 0.8204.
However, the bulls are now active near the $ 0.7550 area. There is also a main climbing line formed with support at $ 0.750 on the ADA/USD chart.
Cardano PRICE is now trading over $ 0.7550 and a simple moving average 100 hours. On the upper side, the price may face resistance near the $ 0.780 area. The first resistance is approaching $ 0.800. The following key resistance may be $ 0.820.
If there is a closure over $ 0.820, the price may start in a strong gathering. In the specified case, the price may rise towards a $ 0.9150 area. 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 $ 0.750 and the direction line.
The next main support is near the level of $ 0.7150 or the level of FIB re -declining by 61.8 % of the upward transition from the tower drop of $ 0.6512 to an increase of $ 0.8204. The negative side break can open less than $ 0.7150 to test $ 0.650. The next main support is near the level of $ 0.6250 as bulls may appear.
Technical indicators
Every MACD – MACD for Ada/USD loses momentum in the upscale area.
RSI Hour (Relative Power Index) – RSI for Ada/USD is now less than 50 level.
Main support levels – $ 0.7500 and $ 0.7150.
Main resistance levels – $ 0.8,000 and $ 0.8200.
