Cardano Price began a new increase above the $ 0.750 zone. Ada is now correcting the earnings of $ 0.8650 and proves the support of $ 0.7750.
- Ada Price began a decent increase above $ 0.750 and $ 0.7750.
- The price is quoted below $ 0.80 and the simple mobile average of 100 hours.
- There was a break below a connection line of connection with $ 0.820 support in the ADA/USD torque graph (Kraken data source).
- The torque could begin another increase if the $ 0.80 resistance zone erases.
Cardano Price Dips to support
In recent days, Cardano saw a new increase above the level of $ 0.750, such as Bitcoin and Ethereum. Ada could erase the resistance levels of $ 0.7750 and $ 0.80.
He tried the $ 0.8650 area. A maximum was formed at $ 0.8634 and the price recently corrected some profits. There was a movement below the level of $ 0.80. In addition, there was a break below a connection line of connection with a support of $ 0.820 in the table per torque/USD.
The torque tested the area of ​​$ 0.7750. A minimum was formed at $ 0.7742 and the price is now consolidating below the FIB retreat level of 23.6% of the recent decrease in the swing of $ 0.8634 to the maximum up to the minimum of $ 0.7742.
Cardano Price is now quoted below $ 0.80 and the simple mobile average of 100 hours. On the positive side, the price could face resistance near the $ 0.80 area. The first resistance is about $ 0.8180. The next key resistance could be $ 0.8450.
If there is a closure above the resistance of $ 0.8450, the price could start a strong rally. In the established case, the price could increase to the region of $ 0.880. More profits may require a movement towards $ 0.90 in the short term.
More losses in ADA?
If the Cardano price does not rise above the resistance level of $ 0.80, another decrease could begin. The immediate support in the inconvenience is close to the level of $ 0.7750.
The following main support is close to the level of $ 0.740. A downward break below the level of $ 0.740 could open the doors for a $ 0.7050 test. The following main support is close to the level of $ 0.680 where bulls could arise.
Technical indicators
Macd per hour: the MacD for Ada/usd is losing impulse in the upward zone.
RSI per hour (relative force index): The RSI for ADA/USD is now below the level of 50.
Important support levels: $ 0.7750 and $ 0.7400.
Main resistance levels: $ 0.8000 and $ 0.8180.
