Based

Cardano

Satoshi

Kaspa

Resistance

<p><a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="noopener noreferrer nofollow">The price of Cardano</a> has continued to move within a falling wedge pattern since December 2023. The two trend lines that are forming the falling wedge pattern also serve as resistance and support for ADA’s price.</p>
<p>Based on the current price action, ADA is at the bottom of the wedge, and the next anticipated price move is to reach the top of the wedge pattern. However, the price still remains in a bearish zone until it breaks above the top of the wedge, which could then cause it to spike by more than 150%.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="492" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-1024x492.png" alt="" class="wp-image-522680" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-1024x492.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-300x144.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-766x368.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-1536x738.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-2048x984.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-312x150.png 312w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-729x350.png 729w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247-788x378.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-247.png 1347w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/how-much-will-10000-kaspa-kas-coins-be-worth-by-the-end-of-2024/" target="_blank" rel="noopener noreferrer nofollow">How Much Will 10,000 Kaspa (KAS) Coins Be Worth by the End of 2024?</a></em></strong></p>
<p>According to <a href="https://www.tradingview.com/chart/ADAUSDT/kwGl2B0j-Cardano-will-Go-Up-Again/" target="_blank" rel="noopener noreferrer nofollow">an analyst named CobraVanguard on TradingView</a>, a break above the wedge will make the price grow significantly. He noted a rising wedge pattern within the falling wedge that shows that the price could spike by more than 150% from $0.4 to around $1.</p>
<p>The analyst also noticed that the Moving Average Convergence Divergence (MACD) indicator is showing a different direction from <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> price. From mid-April on, the MACD started to show a bullish signal while the price kept dipping.&nbsp;</p>
<p>This often means that the bearish momentum is weakening and a reversal is imminent. According to the TradingView analyst, the divergence in MACD makes the bullish signal stronger.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>The relative strength index of ADA supports the short-term price outlook, with its value currently at 41, rising steadily from 33 two days ago. The 50-day MACD is also above the price, which could serve as a potential resistance. However, there is room for the price to run until it gets to that point.</p>
<p>The falling wedge support, MACD, RSI, and SMA suggest that Cardano is bullish in the short term. However, the move is still within a descending triangle, which has served as resistance to the price. A break above it is needed for a decisive price ascent.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/cardanos-ada-price-looks-bullish-but-major-resistance-signals-caution-heres-the-outlook/" rel="noopener noreferrer nofollow">Cardano’s ADA Price Looks Bullish, But Major Resistance Signals Caution: Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Cardano’s ADA Price Looks Bullish, But Major Resistance Signals Caution: Here’s the Outlook

Inhaltsverzeichnis

CaptainAltcoin

Weitere Artikel, die am 9. Juli 2024 veröffentlicht wurden

Layer 2 networks boom: How Optimism, Base are leading the charge

Best Crypto to Buy Right Now July 9 – Jupiter, Bonk, Sei

Chainlink [LINK] turns bullish: Rally ahead, or simply a spike?

Circle launches euro-backed EURC on Base, enabling layer-2 forex trades

Bitcoin Cash Faces Significant Drop Due to Mt. Gox Repayments

Zodia Custody Partners with Maple Finance to Offer Secure Crypto Lending

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!