The price of Cardano (ADA) has shown bullish signs and could be set for a major run against Tether (USDT) after bouncing from key support.<\/p>\n
Ethereum price rallied with so much strength from a region of $1,670 to $2,000 ahead of Ethereum merge. This has brought relief bounces for many altcoins, including the price of Cardano (ADA).<\/p>\n
Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance)<\/p>\n
Price Of Cardano (ADA) Weekly Chart Analysis
\nWeekly ADA Price Chart | Source: ADAUSDT On Tradingview.com<\/p>\n
From the chart, the price of ADA saw a weekly low of around $0.4, which bounced from that area and rallied to a price of $0.55.<\/p>\n
The price has built more momentum as it faces resistance at $0.66.<\/p>\n
If the price of ADA on the weekly chart continues with this bullish structure, it could quickly revisit\u00a0 $0.66 and trend higher to $0.75.<\/p>\n
Weekly resistance for the price of ADA \u2013 $0.66.<\/p>\n
Weekly support for the price of ADA \u2013 $0.45.<\/p>\n
Price Analysis Of ADA On The Daily (1D) Chart
\nDaily Price Chart For ADA | Source: ADAUSDT On Tradingview.com<\/p>\n
The price of ADA found strong support at around $0.45, with what seems to be an area of interest on the daily chart.<\/p>\n
ADA bounced from its support and has rallied as it faces resistance at $0.63. The price of ADA has continued to range in a channel; breaking out of this channel could send the price of ADA to the resistance at $0.63.<\/p>\n
At the point of writing, the price of ADA is at $0.55, above the 50 Exponential Moving Average (EMA) with a price of $0.5.<\/p>\n
If the price of ADA holds the support of $0.5 successfully, we could see the price trending higher. If the price of ADA gets rejected, $0.5, which corresponds with 50 EMA, will be good support for buys.<\/p>\n
The Relative Strength Index (RSI) for the price of ADA on the daily chart is above 65, indicating healthy buy bids for ADA.<\/p>\n
The volume for ADA indicates buy bids, this shows bulls would want to push the price higher.<\/p>\n
Daily (1D) resistance for ADA price \u2013 $0.66.<\/p>\n
Daily (1D) support for ADA price \u2013 $0.5.<\/p>\n
Price Analysis OF ADA On The Four-Hourly (4H) Chart
\nFour-Hourly ADA Price Chart | Source: ADAUSDT On Tradingview.com<\/p>\n
The price of ADA has continued to maintain its bullish structure after a successful break above the ranging channel.\u00a0<\/p>\n
ADA is trading above the 50 and 200 EMA with prices of $0.52 and $0.5 acting as its support on the 4H chart, should the price of ADA gets rejected due to the weekend sell-off.<\/p>\n
If the price of ADA holds above the support of 0.52 with the good volume, we could see prices trending to $0.66. In case ADA experiences a sell-off, 50 and 200 EMA prices would act as support for ADA prices.<\/p>\n
Four-Hourly (4H) resistance for ADA price \u2013 $0.66.<\/p>\n
Four-Hourly (4H) support for ADA price \u2013 $0.52, $0.50.<\/p>\n
Featured image from NewsBTC, Charts from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of Cardano (ADA) has shown bullish signs and could be set for a major run against Tether (USDT) after bouncing from key support.<\/p>\n
Ethereum price rallied with so much strength from a region of $1,670 to $2,000 ahead of Ethereum merge. This has brought relief bounces for many altcoins, including the price of Cardano (ADA).<\/p>\n
Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance)<\/p>\n
Price Of Cardano (ADA) Weekly Chart Analysis
\nWeekly ADA Price Chart | Source: ADAUSDT On Tradingview.com<\/p>\n
From the chart, the price of ADA saw a weekly low of around $0.4, which bounced from that area and rallied to a price of $0.55.<\/p>\n
The price has built more momentum as it faces resistance at $0.66.<\/p>\n
If the price of ADA on the weekly chart continues with this bullish structure, it could quickly revisit\u00a0 $0.66 and trend higher to $0.75.<\/p>\n
Weekly resistance for the price of ADA \u2013 $0.66.<\/p>\n
Weekly support for the price of ADA \u2013 $0.45.<\/p>\n
Price Analysis Of ADA On The Daily (1D) Chart
\nDaily Price Chart For ADA | Source: ADAUSDT On Tradingview.com<\/p>\n
The price of ADA found strong support at around $0.45, with what seems to be an area of interest on the daily chart.<\/p>\n
ADA bounced from its support and has rallied as it faces resistance at $0.63. The price of ADA has continued to range in a channel; breaking out of this channel could send the price of ADA to the resistance at $0.63.<\/p>\n
At the point of writing, the price of ADA is at $0.55, above the 50 Exponential Moving Average (EMA) with a price of $0.5.<\/p>\n
If the price of ADA holds the support of $0.5 successfully, we could see the price trending higher. If the price of ADA gets rejected, $0.5, which corresponds with 50 EMA, will be good support for buys.<\/p>\n
The Relative Strength Index (RSI) for the price of ADA on the daily chart is above 65, indicating healthy buy bids for ADA.<\/p>\n
The volume for ADA indicates buy bids, this shows bulls would want to push the price higher.<\/p>\n
Daily (1D) resistance for ADA price \u2013 $0.66.<\/p>\n
Daily (1D) support for ADA price \u2013 $0.5.<\/p>\n
Price Analysis OF ADA On The Four-Hourly (4H) Chart
\nFour-Hourly ADA Price Chart | Source: ADAUSDT On Tradingview.com<\/p>\n
The price of ADA has continued to maintain its bullish structure after a successful break above the ranging channel.\u00a0<\/p>\n
ADA is trading above the 50 and 200 EMA with prices of $0.52 and $0.5 acting as its support on the 4H chart, should the price of ADA gets rejected due to the weekend sell-off.<\/p>\n
If the price of ADA holds above the support of 0.52 with the good volume, we could see prices trending to $0.66. In case ADA experiences a sell-off, 50 and 200 EMA prices would act as support for ADA prices.<\/p>\n
Four-Hourly (4H) resistance for ADA price \u2013 $0.66.<\/p>\n
Four-Hourly (4H) support for ADA price \u2013 $0.52, $0.50.<\/p>\n
Featured image from NewsBTC, Charts from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-5535","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\/5535","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=5535"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5535\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5535"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}