{"id":27036,"date":"2023-07-20T04:53:34","date_gmt":"2023-07-20T08:53:34","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=27036"},"modified":"2023-07-20T04:53:34","modified_gmt":"2023-07-20T08:53:34","slug":"ada-price-hold-strong-at-0-30-indicators-suggest-fresh-rally-to-0-38","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/20\/ada-price-hold-strong-at-0-30-indicators-suggest-fresh-rally-to-0-38\/","title":{"rendered":"ADA Price Hold Strong At $0.30: Indicators Suggest Fresh Rally To $0.38"},"content":{"rendered":"

Cardano\u2019s price is holding the key support at $0.30. ADA could start a steady increase if there is a clear move above the $0.340 resistance.<\/em><\/p>\n

ADA price is showing positive signs above the $0.30 level against the US dollar.
\nThe price is trading above $0.300 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if there is a close above the $0.340 resistance.<\/p>\n

Cardano\u2019s ADA Price Signals Fresh Increase<\/h2>\n

This past week, Cardano\u2019s price started a downside correction from the $0.379 high. The price traded below the $0.365 and $0.340 support levels to move into a short-term bearish zone, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

However, the bulls were active above the $0.30 level. A low is formed near $0.3001 and the price is now rising. There was a break above the $0.320 resistance. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.379 swing high to the $0.300 low.<\/p>\n

ADA price is now trading above $0.300 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $0.340 zone. It is close to the 50% Fib retracement level of the downward move from the $0.379 swing high to the $0.300 low.<\/p>\n\n

Source: ADAUSD on TradingView.com<\/a><\/p>\n

The first major resistance is forming near the $0.350 zone. The next key resistance might be $0.365. If there is a close above the $0.365 resistance, the price could start a decent increase. In the stated case, the price could rise toward the $0.380 resistance zone.<\/p>\n

Are Dips Limited in ADA?<\/h2>\n

If Cardano\u2019s price fails to climb above the $0.340 resistance level, it could start another decline. Immediate support on the downside is near the $0.315 level.<\/p>\n

The next major support is near the $0.30 level and the trend line. A downside break below the $0.30 level could open the doors for a sharp fresh decline toward $0.275. The next major support is near the $0.262 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 $0.315, $0.300, and $0.275.<\/p>\n

Major Resistance Levels \u2013 $0.340, $0.350, and $0.365.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Cardano\u2019s price is holding the key support at $0.30. ADA could start a steady increase if there is a clear move above the $0.340 resistance.<\/em><\/p>\n

ADA price is showing positive signs above the $0.30 level against the US dollar.
\nThe price is trading above $0.300 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if there is a close above the $0.340 resistance.<\/p>\n

Cardano\u2019s ADA Price Signals Fresh Increase<\/h2>\n

This past week, Cardano\u2019s price started a downside correction from the $0.379 high. The price traded below the $0.365 and $0.340 support levels to move into a short-term bearish zone, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

However, the bulls were active above the $0.30 level. A low is formed near $0.3001 and the price is now rising. There was a break above the $0.320 resistance. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.379 swing high to the $0.300 low.<\/p>\n

ADA price is now trading above $0.300 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA\/USD pair.<\/p>\n

On the upside, immediate resistance is near the $0.340 zone. It is close to the 50% Fib retracement level of the downward move from the $0.379 swing high to the $0.300 low.<\/p>\n

Source: ADAUSD on TradingView.com<\/a><\/p>\n

The first major resistance is forming near the $0.350 zone. The next key resistance might be $0.365. If there is a close above the $0.365 resistance, the price could start a decent increase. In the stated case, the price could rise toward the $0.380 resistance zone.<\/p>\n

Are Dips Limited in ADA?<\/h2>\n

If Cardano\u2019s price fails to climb above the $0.340 resistance level, it could start another decline. Immediate support on the downside is near the $0.315 level.<\/p>\n

The next major support is near the $0.30 level and the trend line. A downside break below the $0.30 level could open the doors for a sharp fresh decline toward $0.275. The next major support is near the $0.262 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 $0.315, $0.300, and $0.275.<\/p>\n

Major Resistance Levels \u2013 $0.340, $0.350, and $0.365.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-27036","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=27036"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27036\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27036"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}