Cardano

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<p>Cardano’s native token, ADA, shows signs of bottoming at a crucial technical indicator but still lacks evidence to confirm sustainable upside momentum, notes trader <a href="https://twitter.com/ali_charts/status/1729187783028219939" target="_blank" rel="noopener noreferrer nofollow">Ali</a>. While the short term suggests accumulating strength, ADA must conquer familiar resistance to validate any bullish theses.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="547" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-1024x547.png" alt="" class="wp-image-387016" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-1024x547.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-766x409.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-1536x820.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-2048x1093.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-656x350.png 656w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787-788x420.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-787.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>According to Ali, the 100-period exponential moving average (EMA) on ADA’s 4-hour chart has consistently provided support and bounces. This level has caught each breakdown attempt thus far. At the same time, $0.396 stands out as stubborn overhead resistance on upswings.</p>
<p>Now, <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ADA</a> is favored to tack on additional gains in the near term per a buy signal on its TD sequential momentum indicator. Ali anticipates the 100-EMA providing the necessary springboard, as it has reliably done in the recent pullback.</p>
<p>However, truly confirming emergent strength requires Cardano to break above $0.396 resistance. A decisive 4-hour candle close beyond that level signals upside continuation and negates lingering doubts. Still, Ali advises paying equal attention to ADA possibly losing the 100-EMA floor once more.</p>
<p>Read also:</p>
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 <li><a href="https://captainaltcoin.com/why-did-waltonchain-wtc-coin-price-crash-by-60/" target="_blank" rel="noopener noreferrer nofollow">Why Did Waltonchain (WTC) Coin Price Crash by 60%?</a></li>
 <li><a href="https://captainaltcoin.com/160k-cardano-wallets-buy-5-billion-ada-above-key-support-but-this-metric-signals-risk-top-analyst-reveals-critical-prices/" target="_blank" rel="noopener noreferrer nofollow">160k+ Cardano Wallets Buy 5 Billion ADA Above Key Support, But This Metric Signals Risk – Top Analyst Reveals Critical Prices</a></li>
 <li><a href="https://captainaltcoin.com/sui-near-investors-alert-why-everyones-talking-about-rebel-satoshis-explosive-presale/" target="_blank" rel="noopener noreferrer nofollow">SUI &amp; NEAR Investors Alert: Why Everyone’s Talking About Rebel Satoshi’s Explosive Presale</a></li>
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<p>In summary, while short-term signals flicker bullish for a Cardano dead cat bounce, only conquering formidable resistance can begin restoring confidence in sustained buying momentum past immediate counterattacks. Until then, the tentative balance retains a shaky foundation vulnerable to deterioration.</p>
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<p>The post <a href="https://captainaltcoin.com/this-indicator-flashes-a-buy-signal-for-cardano-ada-but-theres-a-catch/" rel="noopener noreferrer nofollow">This Indicator Flashes a ‘Buy’ Signal for Cardano (ADA) – But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Indicator Flashes a ‘Buy’ Signal for Cardano (ADA) – But There’s a Catch

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