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Cardano (ADA) Prices Again Priming Up To Acquire The Level Of $0.03600

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
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  • There is a gain of 3.27% in the prices and they are moving in a strong positive momentum above the price level of $0.03500 as they priming to climb up.
  • The ADA/BTC pair is performing well as there is a positive change of 22% bringing the levels to 0.00000506.

The ADA prices started climbing gradually and did acquire the fallen support level $0.03500 with a positive divergence.

ADA is in the potential to cross the resistance level of 0.03600 if they maintain their current pace, as this will be a deciding matter because prices always fall down after acquiring that level.

The bulls getting the momentum through the support level they did acquire while they were falling down, the crucial support level of $0.034500 had provided a major bullish momentum to ADA prices to achieve the fallen support level and the upcoming resistance levels.

ADA prices are currently facing strong resistance near the level of $0.03600. Prices are right above the level of 0.03500 in its current session If bulls manage to break down this resistance level of $0.035500, they will be able to reach the level of $0.03600 easily.

Currently ADA’s market capitalization is $917,515,558 USD with volume traded of $79,419,197 USD and circulating supply of 25,927,070,538 ADA.

Cardano (ADA) Price Analysis

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Source:tradingview

The gradual increase in all aspects of the chart is emerging but bears are also presenting the resistance. Prices started acquiring bullish momentum as there are chances bulls can again emerge strongly and can acquire the level of $0.035300 with current positive upsurge but facing resistance currently.

The technical indicators and oscillators showing that there is an increase in the buying volume of the cryptocurrency, as technical is turning blue and showing a positive result for ADA

MACD levels are showing bulls and bears are currently at the same spot but buying volume can establish an edge upon the aspect and with the support of other factors it can emerge.

24hr-RSI is moving with a flat trend in the bullish region right above the crucial level of 50.

The 24hr-CCI is performing well as it reaches the normal region and still maintaining its positive momentum.

Resistance Level $ 0.035500

Support level $0.03500

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