Cardano

bullish

Rally

Resistance

<p style="text-align: left;">Cardano surprised the market with a quick rush to the 37 cents resistance. At this rate, a breakout is in the cards.</p>
<p><strong>Key Support levels: $0.31</strong></p>
<p><strong>Key Resistance levels: $0.37</strong></p>
<h2 id="1-buyers-are-pressuring-the-key-resistance">1. Buyers are Pressuring the Key Resistance</h2>
<p>With the price back on the offensive, the resistance at 37 cents is now under pressure. Another push higher and this level could soon turn into support. If confirmed, ADA may finally enter a rally to recover some of the recent losses since March.</p>
<figure id="attachment_355317" aria-describedby="caption-attachment-355317" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-29-59.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-355317" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="2-volume-is-increasing">2. Volume is Increasing</h2>
<p>Since Monday, the buy volume has been increasing steadily and if today’s candle also closes in green, then ADA has a good shot at higher levels. Even if a pullback happens, the local momentum remain bullish and buyers can have another go at a later time.</p>
<figure id="attachment_355316" aria-describedby="caption-attachment-355316" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-355316" src="https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54.png" alt="ADAUSDT_2024-08-22_14-34-54" width="2439" height="1188" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54.png 2439w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54-1024x499.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54-768x374.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54-1536x748.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54-2048x998.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-34-54-50x24.png 50w" sizes="(max-width: 2439px) 100vw, 2439px"></a>
 <figcaption id="caption-attachment-355316" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="3-bullish-cross-hints-at-a-rally">3. Bullish Cross Hints at a Rally</h2>
<p>With momentum shifting, the 3-day MACD also did a bullish cross this week. This highlights a significant change that favors buyers. If the 37 cents resistance turns into a support, the next targets will be found at 42 and 46 cents.</p>
<figure id="attachment_355315" aria-describedby="caption-attachment-355315" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-355315" src="https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35.png" alt="ADAUSDT_2024-08-22_14-35-35" width="2438" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35.png 2438w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35-1024x500.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35-1536x750.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35-2048x1000.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-22_14-35-35-50x24.png 50w" sizes="(max-width: 2438px) 100vw, 2438px"></a>
 <figcaption id="caption-attachment-355315" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>&nbsp;</p>
<p>The post <a href="https://cryptopotato.com/cardano-ada-bull-run-finally-here-buyers-eye-0-40-and-even-beyond/" rel="noopener noreferrer nofollow">Cardano (ADA) Bull Run Finally Here? Buyers Eye $0.40 and Even Beyond</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Cardano (ADA) Bull Run Finally Here? Buyers Eye $0.40 and Even Beyond

Table of Contents

CryptoPotato_News

Autres articles publiés le 22 août 2024

Key SHIB Metric Frozen in Past Few Days - What's Happening?

Core Scientific Repays $267 Million Debt

Solana Memecoin Trump Loves Elon to Skyrocket 15,000% Before Exchange Listing, As BONK and Dogeco...

Fantom Price Prediction: How High Can the Fantom (FTM) Price Go?

FLOKI Price Breaks Above the Range: Will PEPE Price Follow the Trend & Reach $0.0002?

Vitalik Buterin Defends Ethereum Amid Market Concerns

Join our free newsletter for daily crypto updates!