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Home»EXCHANGE NEWS»Cardano have you lost your power? ADA recovery may soon disappear
EXCHANGE NEWS

Cardano have you lost your power? ADA recovery may soon disappear

By Crypto FlexsMay 8, 20253 Mins Read
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Cardano have you lost your power? ADA recovery may soon disappear
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Cardano Price has begun to recover from the $ 0.6420 zone. The ADA is currently facing a resistance of nearly $ 0.6850 and can be reduced again.

  • ADA PRICE has begun to recover from the $ 0.6420 zone.
  • The price is traded more than $ 0.680 and a simple moving average of 100 hours.
  • In the hourly chart of the ADA/USD pair (Kraken’s data source), there was a break on the connection bare risch trend line with a resistance of $ 0.650.
  • Removing the $ 0.6850 resistance zone can start another increase.

Cardano prices face resistance

Over the last few days, Cardano has been new at $ 0.730, such as Bitcoin and Ethereum. The ADA was lower than the support level of $ 0.70 and $ 0.680.

The minimum is formed at $ 0.6426 and the price is increasing again. There was more than $ 0.6550. This price has recently removed the level of FIB retreat, which has recently decreased from $ 0.7298 to $ 0.6426. In addition, there was a break on the connected bearry trend line with a $ 0.650 resistance in the time chart of the ADA/USD pair.

However, bears are close to $ 0.6850 resistance, and the recent decrease in the $ 0.7298 swing to $ 0.6426, the recent reduction in FIB is activated. Cardano Price is currently being traded more than $ 0.680 and a simple moving average of 100 hours.

Conversely, the price can be faced with a resistance near the $ 0.680 zone. The first resistance is close to $ 0.6850. The next key resistance can be $ 0.7090. If you are more than $ 0.7090, you can start a rally with a strong price. If specified, the price can rise to $ 0.730. No more profit can be required to move to $ 0.750 in the short term.

Another drop in ADA?

Another reduction may begin if the price of Cardano does not rise above $ 0.6850. Immediate support for the shortcomings is close to $ 0.6630.

The next main support is near $ 0.6500. The disadvantage of less than $ 0.650 is to open the door for a $ 0.6320 test. The next main support is nearly $ 0.6175 for bulls.

Technical indicator

MACD -ADA/USD MACD is losing its driving force in the strong zone.

RSI (relative strength index) by time -RSI of ADA/USD is now exceeding level 50.

Major support levels -$ 0.6630 and $ 0.6500.

Main resistance level -$ 0.6850 and $ 0.7090.

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