Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Cardano (ADA) Aiming for $0.40 Breakout: Will This Spark a Bullish Surge?
EXCHANGE NEWS

Cardano (ADA) Aiming for $0.40 Breakout: Will This Spark a Bullish Surge?

By Crypto FlexsJuly 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano (ADA) Aiming for alt=
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano price started to rise steadily above the $0.3850 resistance level. ADA is now trying to gain bullish momentum by closing above $0.40.

  • ADA price is on an upward trend again, trading above $0.3880.
  • The price is trading above $0.390 and the 100 hourly simple moving average.
  • There is a major bullish trend line forming with support at $0.3935 on the hourly chart of the ADA/USD currency pair (data source: Kraken).
  • This pair could gain bullish momentum if it closes above the $0.40 area.

Cardano price expected to rise steadily

Over the past few sessions, Cardano has started a significant uptrend from the $0.3350 support zone. Like Bitcoin and Ethereum, ADA has broken above the $0.350 and $0.3650 resistance levels.

It broke the $0.3880 resistance and tested $0.4050. A high was formed at $0.4047 and the price is currently consolidating gains. It moved below the $0.400 and $0.3980 support levels. The price tested the 23.6% Fib rectification level from the $0.3577 swing low to the $0.4047 high.

The ADA price is currently trading above $0.380 and the 100-hourly simple moving average. There is also a support line forming at $0.3935 on the hourly chart of the ADA/USD pair, forming a major bullish trend line.

If there is another uptrend, the price may face resistance near the $0.400 area. The first resistance is near $0.4050. The next major resistance could be $0.4250. If there is a close above the $0.4250 resistance, the price may start a strong rally. If so, the price may rise to the $0.450 area. Further uptrend may require a move to $0.4650.

ADA Downward Correction?

If Cardano price fails to break above the $0.400 resistance level, a downward correction may begin. Immediate support for the decline is near the $0.3960 level and the trend line.

The next major support is near the $0.3810 level and the 50% Fibonacci retracement level of the uptrend from the $0.3577 swing low to the $0.4047 high. A decline below the $0.3810 level could open the door for a test of $0.3750. The next major support is near the $0.350 level.

Technical indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in a bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is currently above the 50 level.

Key support levels – $0.3960 and $0.3810.

Key resistance levels – $0.4000 and $0.4050.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

SEC: X account compromised through phone number control in SIM swap hack

January 24, 2024

Low volatility, Bitcoin is traded near $ 105K. Analysts provide a mixed view.

June 20, 2025

Australian regulator ASIC slams ‘misleading’ launch, faces cost as block beneficiaries evade punishment

June 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.