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- There is a gain of 3.23% in the prices and they are moving in a sharp positive momentum near the new resistance level of $0.0340 as they priming to climb up.
- ADA looking strong to acquire the level of $0.03400
- The ADA/BTC pair is performing well as there is a profit of 23% bringing the levels to 0.00000484.
The ADA prices started climbing gradually and did acquire a strong positive divergence.
ADA is in the potential to cross the resistance level of 0.03400 if they maintain their current pace. In their impressive upsurge, today prices are trying to recover the levels they lost in the recent fall.
The bulls getting the momentum through the support level they did acquire while they were falling, the crucial support level of $0.034000 is providing a major bullish momentum to ADA prices to achieve the major resistance levels up ahead.
ADA prices are currently facing strong resistance near the level of $0.03400. Currently, prices are trading below the level of 0.03400. If bulls manage to break down this resistance level of $0.03400, there will be a short-term bullish dominance again the ADA prices.
Currently ADA’s market capitalization is $ 868,928,071 USD with volume traded of $76,978,251 USD and circulating supply of 25,927,070,538 ADA.
Cardano Price Analysis
There is a gradual increase in all aspects of the chart after having a negative trading pattern, prices started acquiring bullish momentum as there are chances bulls can again emerge strongly and can acquire good support levels so that they can perform a positive upsurge.
The technical indicators and oscillators showing that there is an increase in the selling volume of cryptocurrency, which is one of the major reasons that can invite bears again.
MACD levels are showing bulls and bears are moving along each other but buying volume establishes an edge upon the aspect.
24hr-RSI is moving with a positive divergence from the bearish region to the crucial region of 50.
The 24hr-CCI is performing well as it reaches the normal region and also positive momentum.
Resistance Level $ 0.03400
Support level $0.03340
