Cardano (ADA) Bears Are Emerging Due To The Resistance Level Of $0.043500

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.
  • cardano witness a gain of 58% in the prices and they were moving in a strong positive momentum above the price level of $0.04300.
  • The ADA/BTC pair is not performing well as there is a negative change of -0.17% bringing the levels to 0.00000568.

The ADA is prices climbing gradually and did acquire the major resistance levels like $0.042500 and $0.043500 with a positive divergence.

ADA is stumbling to cross the resistance level of 0.04400  even if they maintain their current pace, as a negative trade is about to emerge in the prices and then they will test the level of $0.042500.

The bulls getting the momentum through the support level they did acquire at the crucial support level of $0.042500.It 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 $0.043250.

Currently ADA’s market capitalization is $1,124,243,101 USD with volume traded of $91,807,117 USD and circulating supply of 25,927,070,538 ADA.

Cardano Price Analysis

ada1
Source:tradingview

There is a gradual increase in the prices as bulls are emerging  but bears are also presenting the resistance. Cardano Prices started acquiring heavy bullish momentum but bears emerge strongly and put a halt on the gradual increase, as chart reflects that negative and flat trend is emerging in the aspects.

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 are not having complete dominance over the bears as currently there is a major bearish momentum is emerging in the prices and they are falling down.

24hr-RSI is moving with a slight negative trend in the heavy bullish region right above the crucial level of 65.

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

Resistance Level $ 0.043500

Support level $0.043300

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