Cardano Price Key Highlights
- Cardano price moved higher and broke the $0.1500 and $0.1700 resistance levels against the US Dollar (fastened).
- There is a critical bullish pattern line set up with support at $0.1600 on the hourly diagram of the ADA/USD match (information feed by means of Bittrex).
- The combine may maybe keep on moving higher and it could return to the $0.2000 resistance zone.
Cardano price is surging against the US Dollar, Ethereum and Bitcoin. ADA/USD stays in a strong uptrend and it may quicken advance higher.
Cardano Price Analysis
After a minor plunge, Cardano price shaped a support base close to the $0.1500 level against the US Dollar. The ADA/USD combine moved higher and broke two or three imperative resistances, for example, $0.1500 and $0.1700. Purchasers could drive Cardano price over the $0.1850 level and a high was shaped at $0.1869. Right now, the price is solidifying underneath $0.1850.
It as of late tried the 23.6% Fib retracement level of the last leg from the $0.1501 low to $0.1869 high. Be that as it may, misfortunes were restricted and Cardano price discovered support close $0.1780. In the event that there are further slides, the following support is close to the $0.1680 level. The expressed level speaks to the half Fib retracement level of the last leg from the $0.1501 low to $0.1869 high. In addition, there is a critical bullish pattern line set up with support at $0.1600 on the hourly graph of the ADA/USD match. Consequently, plunges from the present levels are probably going to discover purchasers close $0.1780, $0.1680 and $0.1600.
The diagram shows that Cardano price may keep on grinding above $0.1850. A break over the ongoing high at $0.1869 could clear the way for more increases above $0.1900. The following stop for purchasers will no doubt be close to the $0.2000 boundary.
Hourly MACD – The MACD for ADA/USD is put vigorously in the bullish zone.
Hourly RSI – The RSI for ADA/USD is as of now in the overbought levels with no indication of a descending redress.
Major Support Level – $0.1780
Major Resistance Level – $0.1900