THELOGICALINDIAN - Key Highlights
Cardano amount is boring convalescent adjoin the US Dollar and Bitcoin. ADA/USD has to beat the $0.165 and $0.180 attrition levels to balance further.
Cardano Price Resistance
There were continuous declines in ADA amount from able-bodied aloft the $0.2020 adjoin the US Dollar. The amount beneath and bankrupt the $0.18, $0.165 and $0.150 abutment levels. It alike traded beneath $0.13 and formed a low abreast the $0.1237 level. Later, a accretion was accomplished and the amount confused aloft the 23.6% Fib retracement akin of the aftermost abatement from the $0.1867 aerial to $0.1237 low.
Moreover, there was a breach aloft a key bearish trend band with attrition at $0.1550 on the alternate blueprint of the ADA/USD pair. The brace is now trading in a bullish area aloft $0.140. There was additionally a breach aloft the 50% Fib retracement akin of the aftermost abatement from the $0.1867 aerial to $0.1237 low. However, the amount is currently adverse a major hurdle abreast the $0.165 akin and the 100 alternate simple affective average. Lastly, the 61.8% Fib retracement akin of the aftermost abatement from the $0.1867 aerial to $0.1237 low is additionally acting as a resistance.
A breach aloft the $0.165 and $0.180 attrition levels is charge for added assets in the abreast term. On the downside, the aftermost beat low of $0.150 is a abbreviate appellation abutment followed by the $0.1450 level.
Hourly MACD – The MACD for ADA/USD is hardly in the bullish zone.
Hourly RSI – The RSI for ADA/USD is currently able-bodied aloft the 50 level.
Major Support Level – $0.1450
Major Resistance Level – $0.1800
Charts address – Trading View
