Cardano

Bitcoin

Resistance

Cardano (ADA) started a fresh increase above the $0.30 resistance. ADA is outperforming Bitcoin and might aim for a move toward the $0.35 resistance. 
<ul> 
 <li>ADA price regained strength for a move above the $0.265 and $0.280 levels against the US dollar.</li> 
 <li>The price is trading above $0.30 and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bullish trend line forming with support near $0.3050 on the 4-hour chart of the ADA/USD pair (data source from Kraken).</li> 
 <li>The pair must stay above the $0.308 support to start a fresh increase in the near term.</li> 
</ul> 
<h2 id="cardano-price-regains-strength">Cardano Price Regains Strength</h2> 
After a couple of swing moves, Cardano was able to gain strength for a move above the $0.28 resistance. It rallied above the $0.30 resistance to move further into a positive zone. It is up over 10% in two days, outperforming <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-key-juncture-34k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-resistance-1825/" target="_blank" rel="noopener ">Ethereum</a>. 
A new multi-week high is formed near $0.3295 and the price is now consolidating gains. There was a minor correction below the 23.6% Fib retracement level of the upward move from the $0.2847 swing low to the $0.3295 high. 
ADA is now trading above $0.30 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.3050 on the 4-hour chart of the ADA/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.2847 swing low to the $0.3295 high. 
<a href="https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468"><img decoding="async" loading="lazy" class="alignnone size-full wp-image-558924" src="https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468" alt="ADA Price Prediction" width="1024" height="468" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2023/11/Cardano-ADA.png?resize=1024%2C468?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/ADAUSD/" target="_blank" rel="noopener nofollow">ADAUSD on TradingView.com</a> 
On the upside, immediate resistance is near the $0.3280 zone. The first resistance is near $0.332. The next key resistance might be $0.350. If there is a close above the $0.350 resistance, the price could extend its rally. In the stated case, the price could rise toward the $0.385 resistance zone. 
<h2 id="are-dips-supported-in-ada">Are Dips Supported in ADA?</h2> 
If Cardano’s price fails to climb above the $0.328 resistance level, it could continue to move down. Immediate support on the downside is near the $0.310 level. 
The next major support is near the $0.308 level and the trend line. A downside break below the $0.308 level could open the doors for a sharp fresh decline toward $0.285. The next major support is near the $0.274 level. 
Technical Indicators 
4 hours MACD – The MACD for ADA/USD is losing momentum in the bullish zone. 
4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. 
Major Support Levels – $0.310, $0.308, and $0.285. 
Major Resistance Levels – $0.328, $0.332, and $0.350.

ADA Price Prediction – 10% Surge In Two Days, Bulls Aim For $0.35

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