Cardano Price has begun to increase new than the $ 0.750 zone. The ADA is currently testing the $ 0.8650 and testing $ 0.7750.
- ADA Price has made a decent impression with $ 0.750 and $ 0.7750 or more.
- The price is more than $ 0.80 and a 100 -hour simple moving average.
- In the hourly chart of the ADA/USD pair (KRAKEN’s data source), there was a break under the strong trend line with the support of $ 0.820.
- The pair can start another increase by removing the $ 0.80 resistance zone.
Cardano Price is deep for support
Over the last few days, Cardano has seen a new increase of more than $ 0.750, such as Bitcoin and Ethereum. The ADA was able to delete the level of $ 0.7750 and $ 0.80.
I tested the $ 0.8650 zone. The best consists of $ 0.8634 and the price has recently revised some profits. There was a movement below $ 0.80. In addition, there was a break under the strong trend line connected with the support of $ 0.820 on the time chart of the ADA/USD pair.
The pair tested the $ 0.7750 zone. The minimum is formed at $ 0.7742 and the price is currently lower than the recently decreased 23.6% FIB reversal level from $ 0.8634 swing high to $ 0.7742.
Cardano Price is currently being traded more than $ 0.80 and 100 hours simple moving average. Conversely, the price can be faced with a resistance near the $ 0.80 zone. The first resistance is close to $ 0.8180. The next key resistance can be $ 0.8450.
If more than $ 0.8450 resistance, the price may start a strong rally. If specified, the price can rise to $ 0.880. You can no longer move to $ 0.90 in the short term.
More losses of ADA?
Another reduction may begin if the price of Cardano does not rise above $ 0.80. Immediate support for the shortcomings is close to $ 0.7750.
The next main support is close to $ 0.740. The disadvantage of less than $ 0.740 is to open the door for testing $ 0.7050. The next main support is nearly $ 0.680 for the bull to appear.
Technical indicator
MACD -ADA/USD MACD is losing its driving force in the strong zone.
RSI (relative strength index) by time -ADA/USD’s RSI is now less than 50.
Major support levels -$ 0.7750 and $ 0.7400.
Main resistance level -$ 0.8000 and $ 0.8180.