LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
Cardano (ADA) Price
Altcoin News

Cardano (ADA) Price Analysis: More Gains Likely Above $0.38

by Aayush Jindal
January 17, 2023
in Altcoin News, News, Trading
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up
  • ADA price seems to be forming a support base above the $0.34 level against the US Dollar.
  • The price is now trading above $0.332 and the 55 simple moving average (4-hours).
  • There was a break below a connecting bullish trend line with support near $0.350 on the 4-hours chart (data feed via Bitfinex).
  • The price could gain resume its increase if it clears the $0.370 and $0.380 levels.

Cardano price is showing positive signs above $0.340 against the US Dollar, similar to bitcoin. ADA price could extend its increase if it clears the $0.380 resistance.

Cardano Price Analysis

This week, cardano price started a strong increase above the $0.300 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.320 and $0.325 levels.

It even broke the $0.332 level and settled well above the 55 simple moving average (4-hours). It traded as high as $0.3699 and recently started a downside correction. There was a move below the $0.360 and $0.350 levels. The price declined below the 23.6% Fib retracement level of the upward wave from the $0.3083 swing low to $0.3699 high.

There was a break below a connecting bullish trend line with support near $0.350 on the 4-hours chart. It is now trading above $0.332 and the 55 simple moving average (4-hours).

On the upside, an immediate resistance is near the $0.355 zone. A clear move above the $0.355 resistance might start a strong increase. The next major resistance is near the $0.370 level. A clear upside break above the $0.370 level might send the price towards the $0.38 resistance or even $0.40.

On the downside, an immediate support is near the $0.340 level. It is near the 50% Fib retracement level of the upward wave from the $0.3083 swing low to $0.3699 high.

The next major support is near the $0.332 level. A clear move below the $0.332 level might send the price towards the $0.300 level. Any more losses might send the price towards the $0.280 support.

Cardano (ADA) Price
Cardano (ADA) Price

The chart indicates that ADA price is now trading above $0.332 and the 55 simple moving average (4-hours). Overall, the price could gain bullish momentum if it clears the $0.370 and $0.380 levels.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is now gaining pace in the bullish zone.

4 hours RSI – The RSI for ADA/USD is now above the 50 level.

Key Support Levels – $0.340 and $0.332.

Key Resistance Levels – $0.355 and $0.370.

Related Posts

Cardano (ADA) Price
Altcoin News

Cardano (ADA) Price Analysis: Key Barrier Intact At $0.40

ADA price is still struggling to clear the $0.40 zone against the US Dollar. The price is now trading...

by Aayush Jindal
November 28, 2023
Ethereum Price
Altcoin News

Ethereum Price Analysis: ETH Holds Key Uptrend Support

Ethereum price started a downside correction from the $2,135 resistance against the US Dollar. ETH price is now trading...

by Aayush Jindal
November 28, 2023
Stellar Lumen (XLM) Price
Altcoin News

Stellar Lumen (XLM) Price Signals Downtrend Below $0.120

Stellar lumen price is gaining pace below the $0.124 resistance zone against the US Dollar. XLM price is now...

by Aayush Jindal
November 27, 2023
XRP Price
Altcoin News

XRP Price Analysis: XRP At Risk of Drop Toward $0.50

XRP price started a fresh decline below the $0.620 zone against the US dollar. The price is now trading...

by Aayush Jindal
November 27, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • ArbitrageScanner is hosting its biggest affiliate event in Bangkok on the 9th of December. For...

  • Is the Bitcoin price still at risk? Golden Cross signals bull run

  • FUNToken & ivendPay: Pioneering the Next Era of Crypto Payments

  • Zeebu’s $ZBU Listing On Gate.io and Startup Program

  • Blockchain Expo Global 2023: Uniting the World’s Leading Innovators in London

About us:

Live Bitcoin News is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at Live Bitcoin News, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version