Cardano

Cryptocurrency

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   Dec 13, 2023 at 10:28 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/fd0/900_900_1/ebwb1vtql2eict3mbxsh0yfn507ehtj2.jpg" width="900" height="563" alt="Cardano is trading between $0.52 and $0.65 in anticipation of a trend" title="">
 <p><strong>The price of Cardano (ADA) has remained above the moving average lines and the $0.52 support. Cryptocurrency price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> brought by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="cardano-price-long-term-forecast-bullish">Cardano price long-term forecast: bullish&nbsp;&nbsp;</h2>
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 <p style="text-align: justify;">Since December 9, the resistance zone of $0.65 has slowed the upward movement.&nbsp;Cardano&nbsp;has been forced to trade sideways, above the moving average lines but below the $0.65 resistance level. If buyers maintain their bullish momentum above the barrier, the market will rally to a high of $0.83. However, the upswing is questionable as the altcoin is overbought. However, the current rise could stall if the sellers break the $0.52 support or the 21-day SMA. As a result, the altcoin will drop to a low of $0.44 or $0.38. At the time of writing, the price of ADA/USD stands at $0.54.</p>
 <h2 style="text-align: justify;" id="cardano-indicator-analysis">Cardano indicator analysis</h2>
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 <p style="text-align: justify;">The price bars are high above the moving average lines, suggesting that the current trend will continue. The price bars on the 4-hour chart are between the moving average lines, indicating that the sideways trend will continue. The upward pattern of the moving average lines has been maintained.</p>
 <p style="text-align: justify;"><img width="1024" alt="ADAUSD_(Daily Chart) – DEC.13.23.jpg" src="https://cdn.thebittimes.com/images/2023/12/13/aced8444b6cf52ade1086fe9452af53a.webp" height="470" title="ADAUSD_(Daily Chart) – DEC.13.23.jpg"><br></p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
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 <p style="text-align: justify;"><b>Key resistance zones: $0.50, $0.55, $0.60 </b></p>
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 <p style="text-align: justify;"><b> Key support zones: $0.30, $0.25, $0.20</b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-cardano">What is the next move for Cardano?</h2>
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 <p style="text-align: justify;">Cardano's rise has come to an end at the $0.65 barrier. In the meantime, the altcoin is trading between $0.52 and $0.65 in anticipation of a trend. The rising momentum is being held back by a high at $0.60. The altcoin will decline if its current support base fades.</p>
 <p style="text-align: justify;"><img width="1024" alt="ADAUSD_(4-Hour Chart) – DEC.13.23.jpg" src="https://cdn.thebittimes.com/images/2023/12/13/29cd1225d2ca79fe9eba8ce0918bd3fc.webp" height="511" title="ADAUSD_(4-Hour Chart) – DEC.13.23.jpg"><br></p>
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 <p style="text-align: justify;">As we reported on December 6, the cryptocurrency has been trading above the moving average lines in anticipation of a positive trend. After the recent breakout, the ADA price has risen to a high of $0.426.&nbsp;</p>
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 <p style="text-align: justify;"><i><span style="color: #a0a0a0;"> Disclaimer.&nbsp;This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cardano-fears-a-dip-as-it-faces-restriction-at-0-60-tbt73567.html">https://thebittimes.com/cardano-fears-a-dip-as-it-faces-restriction-at-0-60-tbt73567.html</a></p>

Cardano Fears A Dip As It Faces Restriction at $0.60

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