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{"id":561457,"date":"2023-11-20T04:28:28","date_gmt":"2023-11-20T04:28:28","guid":{"rendered":"https:\/\/ktsl888.com\/?p=561457"},"modified":"2024-06-11T07:45:01","modified_gmt":"2024-06-11T07:45:01","slug":"ada-price-restart-rally-0-40","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/ada-price-restart-rally-0-40\/","title":{"rendered":"ADA Price (Cardano) Breaking This Confluence Resistance Could Restart Rally"},"content":{"rendered":"

Cardano (ADA) is moving higher from the $0.350 support. ADA could rally if there is a clear move above the $0.388 and $0.395 resistance levels.<\/em><\/p>\n

\n
ADA price is moving higher above the $0.375 pivot level.<\/li>\n
The price is trading above $0.380 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bullish trend line forming with support near $0.370 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could accelerate higher toward the $0.420 level or even $0.450.<\/li>\n<\/ul>\n
Cardano Price Rally Could Soon Restart<\/h2>\n
After a steady increase, Cardano saw a downside correction from the $0.4090 zone. There was a drop below the $0.395 and $0.388 support levels, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
However, the bulls were active near the $0.350 support zone. A low was formed near $0.3494 and the price is now moving higher. There was a break above the $0.365 and $0.375 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.4090 swing high to the $0.3494 low.<\/p>\n
ADA is now trading above $0.375 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.370 on the 4-hour chart of the ADA\/USD pair.<\/p>\n
$\"ADA$ <\/a><\/p>\n
Source: ADAUSD on TradingView.com<\/a><\/p>\n
On the upside, immediate resistance is near the $0.3880 zone or the 61.8% Fib retracement level of the downward move from the $0.4090 swing high to the $0.3494 low. The first resistance is near $0.395. The next key resistance might be $0.400. If there is a close above the $0.400 resistance, the price could extend its rally. In the stated case, the price could rise toward the $0.420 region. Any more gains might call for a move toward $0.450.<\/p>\n
Are Dips Supported in ADA?<\/h2>\n
If Cardano\u2019s price fails to climb above the $0.388 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.370 level and the trend line.<\/p>\n
The next major support is near the $0.365 level and the 100 hourly SMA. A downside break below the $0.365 level could open the doors for a test of $0.350. The next major support is near the $0.335 level.<\/p>\n
Technical Indicators<\/p>\n
4 hours MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bullish zone.<\/p>\n
4 hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.370, $0.365, and $0.350.<\/p>\n
Major Resistance Levels \u2013 $0.388, $0.395, and $0.420.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA) is moving higher from the $0.350 support. ADA could rally if there is a clear move above the $0.388 and $0.395 resistance levels. ADA price is moving higher above the $0.375 pivot level. The price is trading above $0.380 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.370 on the 4-hour chart of the ADA\/USD pair (data source from Kraken). The pair could accelerate higher toward the $0.420 level or even $0.450. Cardano Price Rally Could Soon Restart After a steady increase, Cardano saw a downside correction from the $0.4090 zone. There was a drop below the $0.395 and $0.388 support levels, like Bitcoin and Ethereum. However, the bulls were active near the $0.350 support zone. A low was formed near $0.3494 and the price is now moving higher. There was a break above the $0.365 and $0.375 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.4090 swing high to the $0.3494 low. ADA is now trading above $0.375 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.370 on the 4-hour chart of the ADA\/USD pair. Source: ADAUSD on TradingView.com On the upside, immediate resistance is near the $0.3880 zone or the 61.8% Fib retracement level of the downward move from the $0.4090 swing high to the $0.3494 low. The first resistance is near $0.395. The next key resistance might be $0.400. If there is a close above the $0.400 resistance, the price could extend its rally. In the stated case, the price could rise toward the $0.420 region. Any more gains might call for a move toward $0.450. Are Dips Supported in ADA? If Cardano\u2019s price fails to climb above the $0.388 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.370 level and the trend line. The next major support is near the $0.365 level and the 100 hourly SMA. A downside break below the $0.365 level could open the doors for a test of $0.350. The next major support is near the $0.335 level. Technical Indicators 4 hours MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level. Major Support Levels \u2013 $0.370, $0.365, and $0.350. Major Resistance Levels \u2013 $0.388, $0.395, and $0.420.<\/p>\n","protected":false},"author":67,"featured_media":382322,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[79516,14643,79508,12332],"class_list":["post-561457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\nADA Price (Cardano) Breaking This Confluence Resistance Could Restart Rally<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) is moving higher from the $0.350 support. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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