ADAUSD on TradingView.com<\/a><\/figcaption><\/figure>\nOn the upside, the price might face resistance near the $1.020 zone. The first resistance is near $1.050. The next key resistance might be $1.0840. If there is a close above the $1.0840 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.1500 region. Any more gains might call for a move toward $1.20.<\/p>\n
Are Dips Supported in ADA?<\/h2>\n If Cardano\u2019s price fails to climb above the $1.050 resistance level, it could start another decline. Immediate support on the downside is near the $0.9650 level.<\/p>\n
The next major support is near the $0.9350 level. A downside break below the $0.9350 level could open the doors for a test of $0.880. The next major support is near the $0.8450 level where the bulls might emerge.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.9650 and $0.9350.<\/p>\n
Major Resistance Levels \u2013 $1.0200 and $1.0500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano price started a consolidation phase near the $1.00 zone. ADA is holding gains and might aim for a fresh increase above $1.050. ADA price started a fresh increase from the $0.8800 zone. The price is trading above $0.950 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $1.020 on the hourly chart of the ADA\/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.050 resistance zone. Cardano Price Eyes Fresh Surge In the past few days, Cardano saw a fresh increase above the $0.850 resistance. ADA remained in a positive zone like Bitcoin and Ethereum. There was a move above the $0.880 and $0.9250 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $1.150 swing high to the $0.8696 low. It even cleared the $1.00 level. However, the bears are now active near the $1.050 zone. There is also a key bearish trend line forming with resistance at $1.020 on the hourly chart of the ADA\/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $1.150 swing high to the $0.8696 low. Cardano price is now trading above $0.950 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.020 zone. The first resistance is near $1.050. The next key resistance might be $1.0840. If there is a close above the $1.0840 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.1500 region. Any more gains might call for a move toward $1.20. Are Dips Supported in ADA? If Cardano\u2019s price fails to climb above the $1.050 resistance level, it could start another decline. Immediate support on the downside is near the $0.9650 level. The next major support is near the $0.9350 level. A downside break below the $0.9350 level could open the doors for a test of $0.880. The next major support is near the $0.8450 level where the bulls might emerge. Technical Indicators Hourly MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level. Major Support Levels \u2013 $0.9650 and $0.9350. Major Resistance Levels \u2013 $1.0200 and $1.0500.<\/p>\n","protected":false},"author":67,"featured_media":655298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83371],"tags":[79516,14643,79508,12332],"class_list":["post-655296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\n
Cardano (ADA) Eyes Momentum for Its Next Big Move<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n