Cardano (ADA) Price Analysis: Rally Could Accelerate Above $0. Cardano price is showing positive signs above $0.
24 Jan 2023, 08:00
Cardano (ADA) Price Analysis: Rally Could Accelerate Above $0.38
Cardano price is showing positive signs above $0.350 against the US Dollar, similar to bitcoin. ADA price could extend its increase if it clears the $0.388 resistance.
Cardano Price AnalysisThis week, cardano price started a strong increase above the $0.320 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.335 and $0.350 levels.
During the increase, there was a break above a major bearish trend line with resistance near $0.348 on the 4-hours chart. It even broke the $0.372 level and settled well above the 55 simple moving average (4-hours). It traded as high as $0.386 and recently started a downside correction.