- Cardano price support uncovered near $ 0.0750 and traded higher than the US dollar (set).
- There was an interruption on a bearish key line with resistance at $ 0.0815 on the hourly chart of the ADA / USD pair (information feed via Bittrex).
- The pair could continue to move higher towards the levels of $ 0.0900 and $ 0.0950 for the time being.
Cardano price is giving positive suggestions against the US dollar and Bitcoin. ADA / USD it remains supported above $ 0.0750 and could move to the $ 0.0950 level.
Price analysis of Cardano
There was a correction of the disadvantage from $ 0.0940 to the top swing cardan price against the US dollar. The ADA / USD pair traded lower and broke support for $ 0.0800. He tested the $ 0.0750 support and then started a clear move upward. The buyers took the strength and they drove cardan price above the $ 0.0800 level and the basic 100-hour movement movement. In the same way, cardan price outperformed the Fibonacci half retracement level of the last decrease from the minimum of $ 0.0940 to $ 0.0746 minimum.
More significantly, there was a break on a key bearish trend line with resistance at $ 0.0815 on the ADA / USD pair's hourly chart. At this time the pair is trading above the $ 0.0850 level with a positive inclination. On the upside, a rapid resistance is $ 0.0900. It harmonizes with the Fibonacci retracement level of 76.4% from the last decrease from $ 0.0940 up to $ 0.0746 at the bottom. In the case of ADA price breaks resistance $ 0.0900, could rally towards the high swing $ 0.0940. The last focus for buyers could be $ 0.0950 and $ 0.1000.
The diagram shows it ADA price it is trading with a strong technical structure above $ 0.0800. In case there is a negative remedy, the 100 SMA hours and $ 0.0800 are probably going to contain misfortunes. Under 100 hours SMA, cardan price in all probability I will repeat the support of $ 0.0750.
MACD time – The MACD for ADA / USD it is marginally in the bearish area.
RSI timetable – The RSI for ADA / USD is set above level 50.
Real support level – $ 0.0800
Real resistance level – $ 0.0900