如果该货币对突破 1.050 美元的阻力区，则可能开始再次上涨。ADA price started rising again from the $0.8800 area.
The price is currently above $0.950 and 100 hours.Simple Moving Average。
A key put trendline has formed on the hourly chart of ADA/USD, with resistance at $1.020 (data from Kraken).
If the currency pair breaks above the resistance zone of $1.050, it may start rising again.
Cardano price is expected to soar again.
In the past few days, Cardano has broken above the $0.850 resistance level, rising again. ADA, like Bitcoin and Ethereum, is still in a positive area. It has surpassed the resistance levels of $0.880 and $0.9250.
The price has broken above the 50% Fibonacci retracement level of the downtrend from the high point of $1.150 to the low point of $0.8696. It has even surpassed the $1.00 level. However, bears are currently active near the $1.050 area. A crucial put trendline has also formed on the hourly chart of ada/usd, with resistance at $1.020.
The trendline approaches the 61.8% Fibonacci retracement level of the downtrend from the high point of $1.150 to the low point of $0.8696. Cardano's price is currently trading above $0.950 and the 100-hour simple moving average.
On the upside, the price may face resistance near the $1.020 area. The first resistance is near $1.050. The next key resistance level could be $1.0840. If the closing price is above the $1.0840 resistance level, the price may start a strong rebound. In this case, the price could rise to the $1.1500 area. If it further rises, the price could drop to $1.20.
Is ADA supporting Dips?
If Cardano's price fails to break above the $1.050 resistance level, it might drop again. The immediate downside direction is around $0.9650.Resistancenear $0.9650.
The next major resistance is around $0.9350. If it falls below $0.9350, it may test $0.880. The next major resistance is around $0.8450, where bulls may appear.
Hourly MACD - The MACD of ada/usd is gaining momentum in the bullish zone.
Hourly RSI(Relative Strength Index) - The RSI of ada/usd is now above the 50 level.
Key resistance levels are at $0.9650 and $0.9350.
Key support levels are at $1.0200 and $1.0500.
