THELOGICALINDIAN - Key Highlights
Cardano amount acquired a lot of absorption adjoin the US Dollar and Bitcoin. ADA/USD is now in a bullish area and charcoal accurate aloft $0.3200.
Cardano Price Trend
There was a solid abutment base formed abreast $0.2600 in ADA amount adjoin the US Dollar. The amount started a aloft upside move and bankrupt abounding resistances such as $0.2800 and $0.3000. It alike bankrupt the $0.3200 attrition with a able abutting aloft the 100 alternate simple affective average. The upside move acquired drive and the amount accelerated aloft the $0.3500 level. It traded abutting to the $0.3900 akin and a aerial was formed at $0.3881.
Later, the amount started a downside alteration and confused beneath $0.3750. It additionally bankrupt the 23.6% Fib retracement akin of the aftermost beachcomber from the $0.2815 low to $0.3881 high. However, declines assume to be bound back there are abounding supports such as $0.3400 and $0.3200. The 50% Fib retracement akin of the aftermost beachcomber from the $0.2815 low to $0.3881 aerial is at $0.3348 to act as a strong support. Moreover, there is a concise abutting bullish trend band basic with abutment at $0.3180 on the alternate blueprint of the ADA/USD pair.
The chart indicates that any dips from the accepted levels abide accurate abreast $0.3400 and $0.3200. On the upside, an antecedent attrition is at $0.3600. A breach aloft the $0.3600 akin could advance the amount appear the $0.3900 akin in the abreast term.
Hourly MACD – The MACD for ADA/USD is currently in the bearish zone.
Hourly RSI – The RSI for ADA/USD is affective college appear the 50 level.
Major Support Level – $0.3200
Major Resistance Level – $0.3600
