Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn\u2019t positive as it lost most of the gains in the week.<\/p>\n
Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways.<\/p>\n
The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks.<\/p>\n
Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing.<\/p>\n
The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide.<\/p>\n
Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin\u2019s buying strength doesn\u2019t move into the positive zone.<\/p>\n
Cardano Price Analysis: One Day Chart ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels.<\/p>\n The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time.<\/p>\n If buyers don\u2019t come forward, Cardano price will fall to $0.43 and then below the $0.40 mark.<\/p>\n The amount of the altcoin traded in the past session declined, despite a rise in buying strength. This signified the dominance of the sellers in the market.<\/p>\n Technical Analysis The altcoin displayed signs of recovery on the one-day chart. Technical indicators pointed toward the bulls taking over.<\/p>\n At the time of writing, the Relative Strength Index was below the half-line, indicating that buying pressure remained greater than selling pressure.<\/p>\n Cardano price was below the 20-SMA line, and that signified less demand as sellers were driving the price momentum in the market.<\/p>\n With a push from the buyers, ADA could travel above the 20-SMA and 50-SMA lines, invalidating the bearish thesis.<\/p>\n Cardano depicted sell signal on the one-day chart | Source: ADAUSD on TradingView<\/a><\/p>\n ADA\u2019s bulls have still not gained momentum on the one-day chart. As long as buyers don\u2019t overpower sellers\u2019 strength, the bulls will not be able to push the price of the altcoin above the $0.49 mark.<\/p>\n The Moving Average Convergence Divergence indicates the price momentum and price action of the altcoin. The MACD underwent a bearish crossover and formed red histograms, which were sell signal for the coin.<\/p>\n The Directional Movement Index measures the overall price direction. DMI was negative as the -DI line was above the +DI line.<\/p>\n The Average Directional Index was moving up towards the 20 mark, which is a sign of the current price action gaining momentum.<\/p>\n Featured image from UnSplash, Chart: TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn\u2019t positive as it lost most of the gains in the week.<\/p>\n Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways.<\/p>\n The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks.<\/p>\n Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing.<\/p>\n The support zone for Cardano price rests between $0.44 and $0.40, respectively. Cardano has been one of the altcoins that have moved against the tide.<\/p>\n Bitcoin, however, showed signs of appreciation over the last 24 hours. ADA bulls can quickly fade out if the coin\u2019s buying strength doesn\u2019t move into the positive zone.<\/p>\n Cardano Price Analysis: One Day Chart ADA was trading at $0.46 at the time of writing. Over the last 24 hours, the coin broke past one of its resistance levels.<\/p>\n The immediate resistance mark for Cardano was $0.49. If the bulls manage to topple over the $0.49 price level, then the bulls can stay put for a longer time.<\/p>\n If buyers don\u2019t come forward, Cardano price will fall to $0.43 and then below the $0.40 mark.<\/p>\n The amount of the altcoin traded in the past session declined, despite a rise in buying strength. This signified the dominance of the sellers in the market.<\/p>\n Technical Analysis The altcoin displayed signs of recovery on the one-day chart. Technical indicators pointed toward the bulls taking over.<\/p>\n At the time of writing, the Relative Strength Index was below the half-line, indicating that buying pressure remained greater than selling pressure.<\/p>\n Cardano price was below the 20-SMA line, and that signified less demand as sellers were driving the price momentum in the market.<\/p>\n With a push from the buyers, ADA could travel above the 20-SMA and 50-SMA lines, invalidating the bearish thesis.<\/p>\n
\nCardano was priced at $0.46 on the one-day chart | Source: ADAUSD on TradingView<\/a><\/p>\n
\nCardano registered an uptick in buying pressure on the one-day chart | Source: ADAUSD on TradingView<\/a><\/p>\n
\nCardano was priced at $0.46 on the one-day chart | Source: ADAUSD on TradingView<\/a><\/p>\n
\nCardano registered an uptick in buying pressure on the one-day chart | Source: ADAUSD on TradingView<\/a><\/p>\n