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Will ADA rise? Cardano Price Analysis 1 Oct

Cardano price is exchanging a bullish zone. ADA/USD is probably going to exchange above $0.0900 after a minor drawback revision.
Cardano price is exchanging a bullish zone. ADA/USD is probably going to exchange above $0.0900 after a minor drawback revision.

Cardano Price Key Features

  • Cardano price is exchanging over the $0.0840 support and the 100 hourly SMA against the US Dollar (fastened).
  • There is a noteworthy bullish pattern line-shaped with support at $0.0840 on the hourly graph of the ADA/USD pair.
  • The pair could redress bring down in the here and now towards $0.0800 before purchasers show up.

Cardano price is exchanging a bullish zone against the US Dollar and Bitcoin. ADA/USD is probably going to exchange above $0.0900 after a minor drawback revision.

 

Cardano Price Analysis

After exchanging as low as $0.0745, Cardano price began an upward move against the US Dollar. The ADA/USD pair exchanged higher gradually and consistently over the $0.0800 and $0.0840 resistance levels. Cardano price exchanged near the $0.0900 level and settled over the 100 hourly basic moving normal. An intraday high was shaped at $0.0887 and later ADA price began a drawback redress.

Cardano price declined beneath the 23.6% Fibonacci retracement level of the last upward move from the $0.0745 low to $0.0887 high. Nonetheless, misfortunes were contained by the $0.0840 support and the 100 hourly SMA. All the more imperatively, there is a noteworthy bullish pattern line-shaped with support at $0.0840 on the hourly graph of the ADA/USD pair. Beneath the pattern line, the pair could slide towards the $0.0800 level. A middle support is $0.0810 and a half Fibonacci retracement level of the last upward move from the $0.0745 low to $0.0887 high. On the upside, ADA price needs to break the $0.0880 and $0.0890 levels to pick up footing.

 

ADAUSD Price Chart 1 October
ADAUSD Price Chart 1 October

 

The graph shows that Cardano price may maybe remedy a couple of focuses towards $0.0810 or $0.0800. Once the price finishes a redress wave, it could move above $0.0880. It might even clear the $0.0900 resistance and test the $0.1000 level.

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

Hourly RSI – The RSI for ADA/USD merely is underneath the 50 level.

Significant Support Level – $0.0815

Significant Resistance Level – $0.0880

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Written by Coinnounce Team

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