Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Cardano Targets $0.3389: Can Bulls Keep ADA Above This Critical Level?
EXCHANGE NEWS

Cardano Targets $0.3389: Can Bulls Keep ADA Above This Critical Level?

By Crypto FlexsAugust 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano Targets alt=
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano (ADA) is approaching a critical juncture as it looks to retest the key support level of $0.3389. In the recent trading session, the price of ADA has previously risen above this level and is now falling to retest it for the second time, raising concerns among investors and traders.

A successful defense of the $0.3389 support level could signal a potential reversal and new bullish momentum, while a break below this level could lead to further declines. This article aims to analyze the significance of the $0.3389 support level for Cardano and whether bullish momentum can sustain ADA above this key threshold by examining technical indicators and market sentiment.

With a market cap of over $12 billion and a trading volume of over $240 million, ADA is down 0.69% at the time of writing, trading at around $0.3462. In the last 24 hours, the market cap has decreased by 0.68% and the trading volume has decreased by 26.44%.

Current Technical Indicators: What They Show About Cardano

On the 4-hour chart, Cardano is trading below the 100-day simple moving average (SMA) and is currently in a downtrend towards $0.3389. Given this bearish sentiment, it is likely that the bears will continue to exert control and push the price up to this critical level.

Analysis of the 4-hour synthetic trend oscillator shows that both the signal line and the SMA line of the indicator have successfully crossed the 0 line and are currently approaching the buying overheat zone. This suggests that the current decline may be temporary and the bulls may take control again at $0.3389.

On the 1-day chart, Cardano is still trading below the 100-day SMA and is trending down towards $0.3389. This means that the bears are currently in control and the price is likely to go lower.

Cardano

Finally, on the 1-day chart, both the signal line and the SMA line of the composite trend oscillator have fallen below the zero line, entering the overheated selling zone. This indicates that a reversal may occur if the price of ADA reaches $0.3389.

Analysis: Potential Outcomes If $0.3389 Support Holds or Fails

According to the analysis of the potential outcomes, Cardano price may reach the $0.3389 support level and if this key level holds, it may start to rise towards the $0.4233 resistance level. If the price successfully breaks this resistance level, it may continue to test higher levels.

However, if the $0.3389 mark fails to hold and the price drops below this level, the digital asset may continue to decline towards the $0.2388 range. If this level breaks, the crypto asset may experience further price declines towards other support marks below.

Cardano

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025
Add A Comment

Comments are closed.

Recent Posts

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025

Nebeus Overfunds Equity Crowdfunding Campaign With €3.6M Raised, Reflecting Growing Demand For Regulated Crypto–Finance Solutions

September 24, 2025

Next Binance Coin (BNB) Price Rally 3 Catalysts that can supply fuel

September 24, 2025

Ether Leeum World Fair Announcement

September 24, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Navigating Policy & Regulation in Blockchain

September 23, 2025

Flipster Debuts Market’s First USD1 Perps For BTC, ETH, SOL, XRP, And DOGE

September 23, 2025

BYDFi Joins Korea Blockchain Week 2025 (KBW2025): Deepening Web3 Engagement

September 23, 2025

MEXC Brings Immersive Experience With ‘0 Fee Lounge’ To Token2049

September 23, 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

BTCC Exchange Partners With NBA All-Star Jaren Jackson Jr. To Inspire Smarter Moves In Sports And Crypto

September 24, 2025

ChainUp Wins Top Crypto Compliance Technology Honor At Thomson Reuters-Presented Awards

September 24, 2025

Fitell Corporation Launches Solana (SOL) Digital Asset Treasury With $100M Financing Facility, With Focus On Yield And On-Chain DeFi Innovation

September 24, 2025
Most Popular

Binance Futures Announces 30,000 USDC Prize Pool in New Promotion

August 16, 2024

Binance quietly spun off its $10 billion venture firm Binance Labs.

March 15, 2024

Whale has amassed over $178,900,000 in Ethereum (ETH) in less than 2 weeks: Lookonchain

February 20, 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.