Cryptocurrency

Cardano

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/cardano-ada-prices-usd" title="Cardano price" class="f-link" rel="noopener noreferrer nofollow">Cardano price</a> has recently surpassed the $0.3850 resistance level, showing a steady increase.</li>
 <li>$ADA aims to secure a close above $0.40 to establish bullish momentum.</li>
 <li>Since reaching a peak of $0.80 on March 14, #Cardano's price steadily declined to $0.40 by mid-April, with minor rebounds but no breakthrough above $0.50.</li>
 <li>The price of $ADA has been confined within a falling wedge pattern since the beginning of the year, approaching the consolidation's edge.</li>
 <li>Despite multiple recovery attempts in the last three months, ADA has struggled to exceed the $0.50 mark and has trended downward.</li>
 <li>On July 5, ADA broke a critical horizontal support level, dropping to a low of $0.32.</li>
 <li>Following this breach, ADA saw a positive turn in performance, gaining 27%.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, Breaking this support could signal ADA's bullish trend above $0.40, potentially rising 22%, surpassing June's high.</li>
 <li>Conversely, if ADA fails to hold above this level, it might retest the immediate support at $0.33 and potentially drop below $0.30.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.4500-$0.5200
SUPPORT LEVEL : $0.3600-$0.3200
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Cardano Prediction: Can ADA Smash Through the $0.40 Barrier?

Coingabbar

Andre artikler udgivet 12. jul. 2024

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