Cardano Price began a new recovery from the $ 0.780 area. Ada is now increasing and could try a clear movement above the $ 0.840 zone.
- Ada Price began a decent ascending movement of the support zone of $ 0.780.
- The price is quoted above $ 0.8120 and the single mobile average of 100 hours.
- There was a break above a short -term hiring triangle with $ 0.8250 resistance in the ADA/USD torque (Kraken data source).
- The torque could extend the profits if it erases the resistance zone of $ 0.840.
Cardano Price Eyes Constant Increase
After a strong decrease, Cardano found support near the area of $ 0.780 and began a wave of recovery, such as Bitcoin and Ethereum. Ada was able to exceed the resistance levels of $ 0.80 and $ 0.8250.
In addition, there was a break above a short -term hiring triangle with resistance at $ 0.8250 in the Ada/USD torque graph. Finally, the price was negotiated near the level of $ 0.840. A maximum was formed at $ 0.0.8395 and the price is now consolidating above the FIB retreat level of 23.6% of the upward movement of the swing of $ 0.7822 below $ 0.8395.
Cardano Price is now quoted above $ 0.8250 and the simple mobile average of 100 hours. On the positive side, the price could face resistance near the area of $ 0.840. The first resistance is about $ 0.860. The next key resistance could be $ 0.90. If there is a closure above the $ 0.90 resistance, the price could start a strong rally. In the established case, the price could increase to the region of $ 0.980. More profits may require a movement towards $ 1.00 in the short term.
Another decrease in ADA?
If the Cardano price does not rise above the resistance level of $ 0.840, another decrease could begin. The immediate support in the inconvenience is close to the level of $ 0.0.8250.
The following main support is close to the level of $ 0.0.8180 and the FIB decrease level of 50% of the upward movement of the minimum of $ 0.7822 to the maximum of $ 0.8395. A downward break below the level of $ 0.8180 could open the doors for a $ 0.780 test. The following important support is close to the level of $ 0.750 where bulls could arise.
Technical indicators
Macd per hour: The MacD for Ada/USD is gaining impulse in the upward zone.
RSI per hour (relative force index): The RSI for ADA/USD is now above the level of 50.
Important support levels: $ 0.8180 and $ 0.7800.
Main levels of resistance: $ 0.8400 and $ 0.9000.
