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ADA will reach $0.1 today? Cardano Price Analysis 28 Sep

Cardano price is giving positive hints against the US Dollar and Bitcoin. ADA/USD stays supported above $0.0750 and it might move towards the $0.0950 level.
Cardano price is giving positive hints against the US Dollar and Bitcoin. ADA/USD stays supported above $0.0750 and it might move towards the $0.0950 level.

Cardano Price Key Features

  • Cardano price discovered support close $0.0750 and exchanged higher against the US Dollar (fastened).
  • There was a break over a key bearish pattern line with resistance at $0.0815 on the hourly diagram of the ADA/USD pair (information feed by means of Bittrex).
  • The pair could keep on moving higher towards the $0.0900 and $0.0950 levels for the time being.

Cardano price is giving positive hints against the US Dollar and Bitcoin. ADA/USD stays supported above $0.0750 and it might move towards the $0.0950 level.

 

Cardano Price Analysis

There was a drawback adjustment from the $0.0940 swing high in cardano price against the US Dollar. The ADA/USD pair exchanged lower and broke the $0.0800 support. It tried the $0.0750 support and later began a crisp upward move. Purchasers picked up force and drove cardano price over the $0.0800 level and the 100 hourly basic moving normal. Likewise, cardano price outperformed the half Fibonacci retracement level of the last decrease from the $0.0940 high to $0.0746 low.

All the more significantly, there was a break over a key bearish pattern line with resistance at $0.0815 on the hourly diagram of the ADA/USD pair. The pair is right now exchanging over the $0.0850 level with a positive inclination. On the upside, a quick resistance is at $0.0900. It harmonizes with the 76.4% Fibonacci retracement level of the last decrease from the $0.0940 high to $0.0746 low. In the event that ADA price breaks the $0.0900 resistance, it could rally towards the $0.0940 swing high. The last focuses for purchasers could be $0.0950 and $0.1000.

 

ADAUSD Price Chart 28 September
ADAUSD Price Chart 28 September

 

The diagram shows that ADA price is exchanging with a strong technical structure above $0.0800. In the event that there is a drawback remedy, the 100 hourly SMA and $0.0800 are probably going to hold misfortunes. Beneath the 100 hourly SMA, cardano price will in all probability retest the $0.0750 support.

Hourly MACD – The MACD for ADA/USD is marginally in the bearish zone.

Hourly RSI – The RSI for ADA/USD is set over the 50 level.

Real Support Level – $0.0800

Real Resistance Level – $0.0900

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Written by Nadja Eriksson

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