Cardano (ADA) Strong Bullish Momentum Is Emerging In The Prices.

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.
  • There is a heavy gain of 13.35% in the prices and they are moving in a strong positive momentum above the price level of $0.04300.
  • The ADA/BTC pair is performing well as there is a massive positive change of 7.07% bringing the levels to 0.00000572.

The ADA prices started climbing gradually and did acquire the major resistance levels like $0.04000 and $0.043000 with a positive divergence.

ADA is in the potential to cross the resistance level of 0.04400 if they maintain their current pace, as this will be able to continue their bullish momentum if they do so.

The bulls getting the momentum through the support level they did acquire while they were falling down, the crucial support level of $0.037500 had provided a major bullish momentum to ADA prices to achieve the strong heights of resistance levels. ADA prices are currently facing volatility above the level of $0.042500.

Currently ADA’s market capitalization is $1,115,545,934 USD with volume traded of $201,373,065 USD and circulating supply of 25,927,070,538 ADA.

Cardano Price Analysis

Cardano
Source:tradingview

There is a gradual increase in all aspects of the chart as bulls are emerging but bears are also presenting the resistance. Prices started acquiring heavy bullish momentum as there are chances bulls can again emerge strongly and can acquire the level of $0.45000 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 Cardano (ADA).

MACD levels are showing bulls are having complete dominance of the bears as currently there is a major bullish momentum present in the prices and they are climbing up with an impressive pace.

24hr-RSI is moving with a slight negative trend in the heavy bullish region right above the crucial level of 70.

The 24hr-CCI is performing well as it reaches the heights of the overbuying region and then started falling towards the normal zone.

Resistance Level $ 0.043900

Support level $0.042500

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