Cardano

Cryptocurrency

<ul>
 <li>On the daily chart, <a href="https://www.coingabbar.com/en/crypto-currency/cardano-ada-prices-usd" title="ADA" class="f-link" rel="noopener noreferrer nofollow">ADA</a> finds support from the lower trendline and experiences a rebound.</li>
 <li>A double bottom pattern at the 50% #Fibonacci (#FIBO) level provides an opportunity for a new recovery.</li>
 <li>The daily candle today showcases a long-tail rejection, indicating active demand pressure at this support.</li>
 <li>A closing of the candle above the mentioned support suggests buyers are accumulating the coin during the market dip.</li>
 <li>If the bulls can maintain the price above the support level of $0.4600, ADA is likely to test its resistance at $0.5100.</li>
 <li>Conversely, a loss of market momentum could lead to a fall in the Cardano price, testing the support level of $0.4000 soon.</li>
 <li><a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar's analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar's analysis </a>suggests that Cardano Price Prediction 2030 could reach a minimum of $5.</li>
 <li>Coingabbar's analysis suggests that Cardano Price Prediction 2040 could reach a minimum of $20.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.4850-$0.5000
SUPPORT LEVEL : $0.4640-$0.4500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgement, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Cardano Price Prediction: Will ADA Keep Its Crucial Support

Coingabbar

Alte articole publicate pe 24 ian. 2024

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