Cardano Price Analysis: ADA/USD at Potentially Major Turning Point

Key Highlights ADA price is struggling to clear a major resistance area near $0.0800 against the US Dollar (tethered). There is a monster long term bearish trend line formed with resistance at $0.0780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair must break the $0.0780 and $0.0800 resistance levels to move into a bullish zone. Cardano price is currently consolidating against the US Dollar and Bitcoin. ADA/USD is facing a significant resistance near the $0.0780-0.0800 zone. Cardano Price Analysis Recently, cardano price spiked above…

Cardano Price Analysis: ADA/USD Could Extend Slides To $0.0720

Key Highlights ADA price failed to gain momentum above $0.0800 and declined recently against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0790 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to extend the current decline towards the $0.0735 or $0.0720 levels. Cardano price moved into a short term bearish zone against the US Dollar and Bitcoin. ADA/USD could drop to $0.0720 before buyers take a stand. Cardano Price Analysis There were a couple of…

Cardano Price Analysis: ADA/USD Showing Positive Signs Above $0.080

Key Highlights ADA price is trading with a bullish angle above the $0.0800 support against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0820 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to continue higher towards the $0.0880 and $0.0900 levels in the near term. Cardano price is slowly moving higher against the US Dollar and Bitcoin. ADA/USD could continue to trade higher and dips remain supported near $0.0820. Cardano Price Analysis There…

Cardano Price Analysis: ADA/USD Could Correct To $0.08 Before Higher

Key Highlights ADA price is trading above the $0.0840 support and the 100 hourly SMA against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0840 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct lower in the short term towards $0.0800 before buyers appear. Cardano price is trading in a bullish zone against the US Dollar and Bitcoin. ADA/USD is likely to trade above $0.0900 after a minor downside correction. Cardano Price Analysis After trading as…

Cardano Price Analysis: ADA/USD Could Test $0.10

Key Highlights ADA price is moving in a positive zone above the $0.0850 level against the US Dollar (tethered). There is a major bullish trend line in place with support at $0.0870 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move towards $0.1000 and $0.1050 as long as it is above $0.0800. Cardano price is gaining momentum against the US Dollar and Bitcoin. ADA/USD may perhaps continue to slowly rise towards the $0.1000 resistance. Cardano Price Analysis There was a decent…

Cardano Price Analysis: ADA/USD Primed for More Gains

Key Highlights ADA price formed a decent support base near the $0.0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0.0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may continue to rise in the short term towards the $0.0750 and $0.0800 levels. Cardano price is grinding higher against the US Dollar and Bitcoin. ADA/USD could gain traction once it clears the $0.0710 resistance in the near term. Cardano Price Analysis This week, we…

Cardano Price Analysis: ADA/USD Could Test $0.060

Key Highlights ADA price declined further and broke the $0.0700 support level against the US Dollar (tethered). There is a major declining channel in place with resistance at $0.0700 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to break the $0.0620 support area and decline further in the near term. Cardano price is moving lower against the US Dollar and Bitcoin. ADA/USD may continue to trade lower towards the $0.0600 support area if sellers remain in control. Cardano Price Analysis This week,…

Cardano Price Analysis: ADA/USD Likely To Extend Declines

Key Highlights ADA price is under heavy pressure and it could soon break the $0.0740 support against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently moving lower and it may soon break the $0.0735 swing low. Cardano price is trading with bearish moves against the US Dollar and Bitcoin. ADA/USD may continue to move down towards the $0.0700 and $0.0650 levels. Cardano Price Analysis This past…

Cardano Price Analysis: ADA/USD Recovery Could Be Capped Near $0.092

Key Highlights ADA price declined recently and broke the $0.1000 and $0.0920 support levels against the US Dollar (tethered). A recovery is under way inside an ascending channel with resistance at $0.0915 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct higher, but it may face sellers near $0.0920 or $0.0940 in the near term. Cardano price faced a solid selling interest recently against the US Dollar and Bitcoin. ADA/USD is correcting higher, but it could face many hurdles near $0.092. Cardano Price…

Cardano Price Analysis: ADA/USD Slowly Climbing Toward $0.1100

Key Highlights ADA price found support above the $0.1000 level and it is currently moving higher against the US Dollar (tethered). There is a major bullish trend line in place with support at $0.1050 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move higher towards the $0.1080 and $0.1100 resistance levels. Cardano price is slowly rising against the US Dollar and Bitcoin. ADA/USD could continue to move higher towards the $0.1100 level in the near term. Cardano Price Analysis There was…