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Can ADA reach $0.1 today? Cardano Price Analysis 24 Sep

Cardano price is picking up energy against the US Dollar and Bitcoin. ADA/USD may maybe keep on slowly ascend towards the $0.1000 resistance.
Cardano price is picking up energy against the US Dollar and Bitcoin. ADA/USD may maybe keep on slowly ascend towards the $0.1000 resistance.

Cardano Price Key Features

  • ADA price is moving in a positive zone over the $0.0840 level against the US Dollar.
  • There is a noteworthy bullish pattern line set up with support at $0.0870 on the hourly graph of the ADA/USD pair (information feed by means of Bittrex).
  • The pair is probably going to move towards $0.1000 as long as it is above $0.0800.

Cardano price is picking up energy against the US Dollar and Bitcoin. ADA/USD may maybe keep on slowly ascend towards the $0.1000 resistance.

 

Cardano Price Analysis

There was a tolerable support base framed close to the $0.6000 level in cardano price against the US Dollar. The ADA/USD pair moved higher and tried the $0.0750 and $0.0850 levels amid the ascent. It even exchanged near the $0.0950 level and settled over the 100 hourly basic moving normal. A high was framed at $0.0940 before there was a drawback revision. Cardano price tried the half Fibonacci retracement level of the last wave from the $0.0792 low to $0.0940 high.

In any case, misfortunes were secured by the $0.0850 support territory. In addition, there is a noteworthy bullish pattern line set up with support at $0.0870 on the hourly graph of the ADA/USD pair. For whatever length of time that the pair is over the pattern line, it could keep on moving higher towards the $0.1000 and $0.1050. Then again, if there is a drawback break, ADA price could test the $0.0830 support. It speaks to the 100 hourly SMA and the 76.4% Fibonacci retracement level of the last wave from the $0.0792 low to $0.0940 high.

 

ADAUSD Price Chart 24 September
ADAUSD Price Chart 24 September

 

The diagram demonstrates that ADA price is exchanging with a bullish point over the $0.0850 level. On the upside, a break above $0.0940 may require a ride towards the $0.1000 and $0.1050 levels in the close term.

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

Hourly RSI – The RSI for ADA/USD is presently simply close to the 50 level.

Significant Support Level – $0.0850

Significant Resistance Level – $0.0940

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Written by Nadja Eriksson

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