{"id":641351,"date":"2024-09-12T06:30:20","date_gmt":"2024-09-12T06:30:20","guid":{"rendered":"https:\/\/wncen.com\/?p=641351"},"modified":"2024-09-12T04:16:38","modified_gmt":"2024-09-12T04:16:38","slug":"cardano-ada-gains-traction-0-358","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/ada\/cardano-ada-gains-traction-0-358\/","title":{"rendered":"Cardano (ADA) Gains Traction: Is More Upside Ahead?"},"content":{"rendered":"
Cardano price started a decent increase above the $0.340 resistance. ADA is now showing positive signs and might rise further toward $0.380.<\/em><\/p>\n
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ADA price started a recovery wave from the $0.3220 level.<\/li>\n
The price is trading above $0.350 and the 100-hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance at $0.3430 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to move up if it remains stable above the $0.3440 support zone.<\/li>\n<\/ul>\n
Cardano Price Starts Steady Increase<\/h2>\n
After forming a base above the $0.330 level, Cardano started a decent increase. There was a decent move above the $0.3350 and $0.340 resistance levels like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n