Cardano (ADA) Price Poised To Climb Above $0.1000

  • ADA price surged higher this past week and broke the $0.0724 resistance area against the US Dollar.
  • The price even broke the $0.0900 resistance and spiked above $0.1000 before correcting lower.
  • There is a crucial contracting triangle in place with resistance at $0.0870 on the 4-hours chart (data feed via Kraken).
  • The price is placed nicely in an uptrend and it could continue to rise towards $0.1000 or $0.1050.

Cardano price is trading in a positive trend against the US Dollar and bitcoin. ADA is currently holding the $0.0820 support and it is likely to revisit the $0.1000 resistance area.

Cardano Price Analysis

This past week, there was the start of a solid upward move above $0.0700 in cardano price against the US Dollar. The ADA/USD pair broke the $0.0724 resistance area to move into a strong uptrend. Buyers gained traction above the $0.0800 resistance and the 55 simple moving average (4-hours). The price even broke the $0.0900 and $0.0920 resistance levels. Finally, there was a…

Read Full Story : Live Bitcoin News

2019-04-10 09:00:01

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