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Cardano (ADA) Is Unable To Pass Through The Level Of $0.0312

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  • Cardano (ADA) manages to climb above the resistance level of $0.0300 and $0.0310
  • There is a gain of 1.84% in the prices and they did approach the key resistance of $0.0312 but unable to cross it.
  • The ADA/BTC pair is performing positively with a profit of 1.33% bringing the levels to 0.00000 454.

The ADA prices started climbing gradually and tried to penetrate the resistance level of 0.0312 but failed miserably.

The bulls get the momentum through its new support level of $0.0300, it provided a major bullish momentum to ADA prices to achieve further heights but soon it will be tested as prices acquired a heavy bearish momentum and coming towards it. 

ADA prices are currently facing strong resistance of 0.0312. Currently, prices are trading between the level of 0.0303 and 0.302. If bears manage to break down the support level of $0.0300, there will be a medium-term bearish dominance.

Currently ADA’s market capitalization is $ 783,779,339 USD with volume traded of $88,666,838 USD and circulating supply of 25,927,070,538 ADA. 

Cardano (ADA) Price Analysis

cardano
Source:tradingview

There is a gradual increase in all aspects of the chart after suffering a downfall which is a positive indication as there are chances bulls can establish a stronghold.

The technical indicators and oscillators showing that there is an increase in the selling volume of the cryptocurrency, which can be the reason for today’s downfall.

MACD levels are showing bulls and bears are facing each other to decide who will achieve momentum volume. Currently buying volume took a slight lead over the selling volume.

24hr-RSI was about to touch the crucial level of 50 with a sharp negative divergence but end up taking a positive rise.

The 24hr-CCI suffered a sharp negative divergence from the over buying region which took prices to the normal zone.

Resistance Level $ 0.0312
Support level $0.0.300

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