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
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 Prediction: Can ADA Smash Through the $0.40 Barrier?

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