cardano price Today’s analysis shows a slight sideways trend. This is because we are likely to see another upward momentum in the near future. ADA hit a daily high of $0.3148 representing a 0.37% decline. The cryptocurrency faced resistance at the $0.3185 level, but we can expect further gains going forward as long as support remains stable at the $0.3061 level.
A bearish return to $0.299 remains possible, but a quick reversal within the $0.30 to $0.31 range could bring the bulls into the market. If it rises, the bulls can also target the next resistance point at $0.321. If the move up to that point is successful, theethereum We will then target the $0.379 levels.
Trading results across the market over the past 24 hours have been mixed. Market leaders Bitcoin and Ethereum both rose slightly, while other large-cap cryptocurrencies saw bigger gains with price gains of 2.38% and 1.93% respectively.
Cardano Price Analysis 1-Day Chart: ADA/USD Consolidates Around $0.31
24hours cardano price Our analysis shows that the cryptocurrency has stabilized well above the $0.3061 level. The market opened with bearish momentum around $0.3131, but quickly recovered after reaching a high of $0.3148, putting strong bullish pressure on the ADA/USD chart. The days to come.24-hour trading volume of Cardano was around $90,434,216, higher than usual, with a current market cap of over $10.7 billion, indicating strong bullish sentiment in the market.
The 50-day and 100-day moving averages of Cardano prices continue to trend upwards, indicating that the direction of the market may change. The Relative Strength Index (RSI) is at 38.03, indicating that bullish momentum is likely to continue for a few more days. The MACD is also trending upwards, which is another bullish signal for Cardano’s price momentum.
Cardano Price Analysis on the 4-Hour Chart: Bears and Bulls Fight for Heavy Price Control
A price analysis of Cardano’s 4-hour chart shows that the bears and bulls are in heavy price control, with the bears currently dominating. The Bulls have failed to take the lead early in the weekend and most of the coins are back in the red zone. On the hourly chart, Cardano (ADA) started the day with a false breakout of his $0.3120 local support level. However, the price failed to break out of the $0.3134 resistance.
The hourly moving average indicator stands at 0.311, suggesting that the cryptocurrency will gain momentum in the near future. Meanwhile, the MACD is headed for a bullish crossover, indicating that the bulls may capture the market, and the histogram has moved into positive territory. The RSI is at 44.64, which also indicates increasing buying pressure for the Cardano coin.
Cardano Price Analysis Conclusion
In conclusion, ADA/USD looks likely to experience some consolidation in the next few hours, but as long as the $0.3061 support remains stable, we can expect further gains in the coming days. increase.