Cardano Price has begun a new recovery from the $ 0.780 zone. The ADA is currently rising and can try to make clear movements beyond the $ 0.840 zone.
- ADA PRICE has begun a decent movement in the $ 0.780 support area.
- The price is traded with a simple transaction of $ 0.8120 and a simple move of 100 hours.
- There was a short -term contract triangle with a $ 0.8250 resistance in the hourly chart of the ADA/USD data source.
- The pair can be extended by removing the $ 0.840 resistance area.
Cardano Price Eyes has been steadily increasing
After a sharp decline, Cardano found support near the $ 0.780 zone and began recovery waves such as Bitcoin and Ethereum. The ADA was able to surpass $ 0.80 and $ 0.8250.
In addition, there was a short -term contract triangle with a $ 0.8250 resistance on the time chart of the ADA/USD pair. Finally, the price was nearly $ 0.840. The best is $ 0.0.8395, and the price is now exceeding the level of 23.6% FIB from the $ 0.7822 swing to $ 0.8395.
Cardano Price is currently trading $ 0.8250 or more and a simple moving average for 100 hours. Conversely, the price can be faced with a resistance near the $ 0.840 zone. The first resistance is close to $ 0.860. The next key resistance can be $ 0.90. If more than $ 0.90 resistance, the price may start a strong rally. If specified, the price can rise to $ 0.980. You can no longer require profit to move to $ 1.00 in the short term.
Another reduction in ADA?
Another reduction may begin if the price of Cardano does not rise above $ 0.840. Immediate support for the shortcomings is close to $ 0.0.8250.
The following main support is close to $ 0.0.8180 and is 50% FIB reversal from $ 0.7822 to $ 0.8395. The disadvantage of less than $ 0.8180 is to open the door for testing $ 0.780. The next main support is nearly $ 0.750 for bulls.
Technical indicator
MACD -ADA/USD MACD by time is gaining momentum from the strong zone.
RSI (relative strength index) by time -RSI of ADA/USD is now exceeding level 50.
Major support levels -$ 0.8180 and $ 0.7800.
Main resistance level -$ 0.8400 and $ 0.9000.