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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/ada-price-analysis-is-cardano-price-about-to-experience-a-price-jump/">ADA Price Analysis: Is Cardano Price About To Experience A Price Jump?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto market displayed a short relief after the consecutive price jump for two days, following which the industry today witnessed a minor correction of nearly 2% in value. Ethereum price, on the other hand, experienced a fall of over 3% in value, whereas its competitor Cardano has lost less than 1%. 
The ADA price has been trading in an ascending channel for over a week, indicating a bullpower in the market. After multiple failed attempts to break out of the resistance zone at $0.2585, the ADA coin finally managed to break out of it recently, after which it retested its support zone but bounced back quickly. 
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 <img decoding="async" src="https://lh6.googleusercontent.com/7Mra_IQoJmk3YmbarLaZGhuLFEAghF_W2mySAKmFqAz9S0EB0RkzRpOw6a2xXNz8Y0uBZJAkKUIDLwAz2dxUg3hsG4PjGPasImVF5jq6dr03TaQxN_MBOi_YrHwWm7MFY0Mqt7II3I6neEI1-zcvNxU" alt=""> 
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Further, the EMA 50 and 200 are moving close to each other, displaying the Cardano coin on the verge of experiencing a bullish crossover soon, which could result in the ADA price jumping to new highs in the coming days. 
The RSI has been trading above the mid-point for over a week now and was seen trading above the overbought range for a short period of time, following which the average displayed a sharp decline in its charts, indicating a decrease in buying and selling power. 
<h2 class="wp-block-heading" id="h-will-ada-price-go-up">Will ADA Price Go Up?</h2> 
If the bulls continue to gain power and push the Cardano price above its resistance level of $0.2670, then Cardano’s ADA will initiate a bullish momentum. Further, if the ADA coin manages to hold the price above that level, then the price will continue to gain value and test its upper resistance level of $0.2750 soon. 
On the flip side, if the bears gain control of the market and a trend reversal occurs, the coin will lose its momentum and start trading negatively. Moreover, suppose ADA crypto breaks down the trend, then the price will experience a plunge in its value and test the support zone at $0.2570. 
If the market fails to hold the price above that level, the coin will further dip and test its lower support level of $0.250 this week.

ADA Price Analysis: Is Cardano Price About To Experience A Price Jump?

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