Cardano Price has begun a new increase in the $ 0.720 area. The ADA is now integrated and can go beyond the $ 0.8650 zone and try to make a clear movement.
- ADA PRICE has begun a new increase in the $ 0.720 support area.
- The price is more than $ 0.80 and a 100 -hour simple moving average.
- There is a major strong trend line that provides $ 0.8280 support in the time chart of the ADA/USD pair.
- This pair can start a new increase and remove the $ 0.8650 zone.
Cardano price gains more profits
In the last few sessions, Cardano has raised upward upward in the $ 0.720 zone, such as Bitcoin and Ethereum. The ADA was able to recover more than $ 0.750 and $ 0.80 resistance level.
Bulls extracted the price over $ 0.820. Finally, I tested the $ 0.8650 zone. The maximum is formed at $ 0.8643, and the price is currently consolidated than the return level after 23.6% FIB from the $ 0.7113 swing to $ 0.8643.
Cardano Price is currently trading $ 0.820 or more and 100 hours simple moving average. There is also a major trend line that provides $ 0.8280 support from the time charts of the ADA/USD pairs.
Conversely, the price can be faced with a resistance near the $ 0.8650 zone. The first resistance is close to $ 0.880. 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.
Is the downside limited in ADA?
Another reduction may begin if the price of Cardano does not rise above $ 0.8650. Immediate support for the shortcomings is close to $ 0.8280 and trend line.
The next major support is close to $ 0.80. The disadvantage of less than $ 0.80 is to open the door for a $ 0.7880 test or to open the level after 50% FIB from $ 0.8643 to $ 0.8643 at $ 0.7113. 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 -$ 0.8280 and $ 0.8000.
Main resistance level -$ 0.8650 and $ 0.9000.