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Cardano (ADA) After Heavy Plummet, Prices Barely Making Progress Above $0.03300

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Cardano ADA price Analysis
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  • Cardano ADA prices are trying to rise above the price level of $ 0.33600
  • There is a significant loss of -0.18% in the prices and now trading between the price levels of $0.033780 and $0.033700
  • The ADA/BTC pair is not performing well as there is a slight loss of -0.18% which brings the levels to 0.00000488.

The prices are again trying to climb up above the level of $0.03360 and to establish a gradual rise from here.

The bulls are seeking a strong momentum and to surge up the level of $0.033800, ADA prices are currently under serious situation as again they are at the vital point from where ADA bulls started to lose their heat last time in today’s trade, as the also did acquire a slight negative momentum but this time they can cross it and trying to make a climb. 

ADA prices acquired strong support of $0.03300 as it is supporting prices to keep on maintaining an upward surge and it is looking good till now and there might be chances that prices are in a condition to acquire a short term bullish momentum.

Currently ADA’s market capitalization is $874,331,406 USD with volume traded of $69,865,492 USD and circulating supply of 25,927,070,538 ADA.

Cardano (ADA) Price Analysis

ADA
Source:tradingview

The technical chart reflects that prices are about to start a bullish momentum after a gradual fall in all aspects of the prices. Chat is indicating lots of positive signs for the crypto traders.

The technical indicators and oscillators showing that there is an increase in the selling volume of altcoin which is providing the resistance to the upcoming positive trade. 

MACD level was trading with heavy negative momentum but the bulls finally able to catch up with the selling volume of ADA and both commodities are at neutral grounds currently.

24hr-RSI have acquired a bullish momentum as it coming up straight to the normal region and still showing signs that soon it will cross a crucial level of 50.

The 24hr-CCI reaches the normal region after climbing up from the depths of the over selling region with a strong upwards momentum due to the increase in the buying trade of cryptocurrency.

Resistance Level $ 0.033800
Support level $0.033000

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