After a long time, Cardano finally managed to break above $0.55, and the price is now testing this critical level as support.
Ključni nivoi podrške: $0.55, $0.50
Ključni nivoi otpora: 0.66 USD
The fourth attempt to break the critical resistance was successful, and ADA managed to rally above $0.55. If the cryptocurrency manages to confirm it as a support, then the buyers might have a new target in front of them at $0.66.
Looking at the current price action, it’s important to remain very vigilant as the entire market is going through a correction, and it’s necessary to see when the bulls will step up again.
Tehnički indikatori
Obim trgovine: ADA’s increase above $0.55 came as a result of a strong buying volume over the past three days. However, the sellers have returned to the market with their current attempt to push the price back below the important level.
RSI: The daily RSI reached 64 points and made a higher high. This is bullish, and so long it stays above 50 points, the buyers would likely maintain the upper hand.
MACD: The daily MACD remains bullish, but the momentum faded today. This puts some pressure on the previous upwards momentum.
sklonost
Predrasuda za ADA je bikovska.
Kratkoročno predviđanje za ADA cijenu
With a successful breakout, ADA turned bullish. The biggest question is if buyers will be able to defend the critical support at $0.55. If not, the next level of support is found at $0.50. It’s also worth noting that the current pullback in ADA might be a result of the broader market correction as BTC and ETH dip lower as well.
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Source: https://cryptopotato.com/ada-claims-the-critical-0-55-level-but-will-bulls-manage-to-defend-cardano-price-analysis/