The price of Cardano (ADA) is consolidating above support at $2.0 Today Cardano is trading marginally at $2.39.
This price level is between the 21-day SMA and the 50-day SMA. The upward or downward movement of the cryptocurrency is dependent on the crossing of these moving averages.
If sellers break the 50-day SMA line, the altcoin will continue to fall to a low of $1.40. This could lead to a deeper correction. On the other hand, if buyers push the altcoin above the 21-day line SMA, this would signal the resumption of an uptrend. The market will also rise to retest the previous high of $3.10. In the meantime, price action is stagnant above the $2.0 support.
Analiza indicatorului Cardano
Cardano is at level 46 of the Relative Strength Index of period 14, indicating that the market is in the downtrend zone and below the midline 50. The cryptocurrency can fall to the downside. The 21-day line SMA and the 50-day line SMA are up and indicate an uptrend. ADA is above the 40% area of the daily stochastic. This suggests that the market is in a bullish momentum.
Tehnice de indicatori:
Niveluri majore de rezistență - 3.50 USD și 4.00 USD
Niveluri majore de asistență - 3.00 USD și 2.50 USD
Care este următoarea mișcare pentru Cardano?
Cardano (ADA) is in a choppy price action. The choppy price action is characterized by small candlestick bodies. The altcoin is consolidating above the $2.33 support, moving in a tight range. A break above resistance will force the altcoin to resume the uptrend. A breakout will push the altcoin to the downtrend.
Declinare de responsabilitate. Această analiză și prognoză sunt opiniile personale ale autorului și nu sunt o recomandare pentru cumpărarea sau vânzarea de criptomonede și nu ar trebui privite ca o aprobare de către CoinIdol. Cititorii ar trebui să își facă propriile cercetări înainte de a investi fonduri.
