{"id":627553,"date":"2024-07-03T04:58:12","date_gmt":"2024-07-03T04:58:12","guid":{"rendered":"https:\/\/wncen.com\/?p=627553"},"modified":"2024-07-03T04:19:15","modified_gmt":"2024-07-03T04:19:15","slug":"cardano-ada-rise-0-4225","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/ada\/cardano-ada-rise-0-4225\/","title":{"rendered":"Cardano (ADA) On The Rise: Exploring Upward Momentum and Bullish Prospects"},"content":{"rendered":"
Cardano price started a steady increase above the $0.400 resistance. ADA is now consolidating gains and might aim for more gains above $0.4225.<\/em><\/p>\n
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ADA price started a fresh increase and traded above $0.420.<\/li>\n
The price is trading above $0.4120 and the 100-hourly simple moving average.<\/li>\n
There are two key bullish trend lines forming with support at $0.4120 and $0.4080 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could start a fresh increase unless there is a close below the $0.40 support zone.<\/li>\n<\/ul>\n
Cardano Price Gains Traction<\/h2>\n
In the past few days, Cardano started a decent increase from the $0.3800 support zone. ADA climbed above the $0.40 and $0.4050 resistance levels, outperforming Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n