Stacks

Cardano

Strong

Bitcoin

Resistance

<a href="https://bitcoinworld.co.in/cardano-ada-price-is-waxing-strong-above-the-0-40-resistance-is-this-ada-rally/" title="Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Cardano (ADA) is gaining pace above the $0.40 resistance.&nbsp;</li> 
 <li style="font-weight: 400">ADA could rally if there is a clear move above the $0.432 and $0.450 resistance levels.</li> 
</ul> 
After forming a base above the $0.3750 level, Cardano (ADA) started a steady increase.&nbsp; 
There was a break above the $0.388 and $0.400 resistance levels, but ADA lacked momentum like Bitcoin and Ethereum. 
However, the price of Cardano has climbed above the $0.420 resistance. A high was formed near $0.4293 and the price is now consolidating gains.&nbsp; 
It is trading above the 23.3% Fib retracement level of the upward move from the $0.3715 swing low to the $0.4293 high. 
ADA is now trading above $0.415 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.410 on the 4-hour chart of the ADA/USD pair. 
Cardano (ADA) is currently trading at $0.429. 
<figure id="attachment_57076" aria-describedby="caption-attachment-57076" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-57076" src="https://bitcoinworld.co.in/wp-content/uploads/Cardano-Price-Chart-2-483x300.png" alt="" width="551" height="342" srcset="https://bitcoinworld.co.in/wp-content/uploads/Cardano-Price-Chart-2-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Cardano-Price-Chart-2.png 760w" sizes="(max-width: 551px) 100vw, 551px">
 <figcaption id="caption-attachment-57076" class="wp-caption-text">
 Cardano Price Chart | Source: <a href="https://coinstats.app/coins/cardano/">Coinstats</a>
 </figcaption>
</figure> 
&nbsp; 
On the upside, immediate resistance is near the $0.4250 zone. The first resistance is near $0.432. The next key resistance might be $0.450. If there is a close above the $0.450 resistance, the price could start a strong rally.&nbsp; 
In the stated case, the price could rise toward the $0.50 region. Any more gains might call for a move toward $0.550. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/stacks-stx-rallies-42-as-social-activity-and-open-interest-soar/" aria-label="“Stacks (STX) Rallies 42% As Social Activity And Open Interest Soar” (Edit)">Stacks (STX) Rallies 42% As Social Activity And Open Interest Soar</a> 
<h3 id="span-style-font-weight-400-are-dips-supported-in-ada-span">Are Dips Supported in ADA?</h3> 
If Cardano’s price fails to climb above the $0.432 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.4150 level. 
The next major support is near the $0.410 level and the trend line. A downside break below the $0.410 level could open the doors for a test of $0.388. The next major support is near the $0.372 level. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4 hours MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.</li> 
 <li style="font-weight: 400">4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.</li> 
 <li style="font-weight: 400">Major Support Levels – $0.415, $0.410, and $0.388.</li> 
 <li style="font-weight: 400">Major Resistance Levels – $0.432, $0.450, and $0.500.</li> 
</ul> 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/cardano-ada-price-is-waxing-strong-above-the-0-40-resistance-is-this-ada-rally/">Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?

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