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 Price Analysis ADA Chart
Altcoin News

Cardano (ADA) Price Analysis: Next Key Break Near, Can Bulls Make It?

by Aayush Jindal
August 14, 2019
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 extended losses and tested the $0.0475 level against the US Dollar.
  • The price is currently correcting higher, but it is facing a strong resistance near $0.0540 and $0.0550.
  • There is a crucial bearish trend line forming with resistance near $0.0542 on the 4-hours chart (data feed via Kraken).
  • The price could either break above the $0.0540 resistance or it could again slide below $0.0500.

Cardano price is facing an uphill task against the US Dollar and bitcoin. ADA price might resume its decline if it fails to climb above $0.0540 and $0.0560.

Cardano Price Analysis

Recently, cardano price extended its losses below the key $0.0560 and $0.0550 supports against the US Dollar. The ADA/USD pair even broke the $0.0520 support and settled well below the 55 simple moving average (4-hours). Finally, the price broke the $0.0500 support and traded to a new monthly low at $0.0475. It is currently correcting higher and already recovered above the $0.0500 level.

Moreover, it climbed above $0.0520 level, but the $0.0560 level acted as a strong resistance. The price declined again and the last swing low was formed near $0.0498. It is currently trading near the $0.0520 level and the 55 simple moving average (4-hours). Additionally, the 50% Fibonacci retracement level of the recent decline from the $0.0561 high to $0.0498 low is also near the $0.0529 level.

The main resistance on the upside is near the $0.0540 level. More importantly, there is a crucial bearish trend line forming with resistance near $0.0542 on the 4-hours chart. The 61.8% Fibonacci retracement level of the recent decline from the $0.0561 high to $0.0498 low is also near the $0.0537 level to act as a resistance. If there is an upside break above the $0.0540 resistance, the price could test the $0.0560 resistance.

Conversely, if the price fails to surpass $0.0540 or $0.0560, there could be another bearish wave. An immediate support is near the $0.0500 level. If there is a downside break below $0.0500, the price is likely to revisit the $0.0475 level. Any further losses might call for a test of the $0.0450 support.

Cardano Price Analysis ADA Chart

The chart indicates that ADA price is clearly preparing for the next crucial move either above $0.0540 or below the $0.0500 support. If there is a downside break below $0.0500, the price is likely to accelerate losses towards the $0.0475 and $0.0450 levels.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is currently losing momentum in the bullish zone.

4 hours RSI – The RSI for ADA/USD is currently just above the 50 level, with a minor bullish angle.

Key Support Levels – $0.0500 and $0.0475.

Key Resistance Levels – $0.0540 and $0.0560.

Related Posts

Cardano (ADA) Price
Altcoin News

Cardano (ADA) Price Analysis: Topside Bias Vulnerable Below $0.265

ADA price is trading in a bearish zone below the $0.255 support zone against the US Dollar. The price...

by Aayush Jindal
September 26, 2023
Ethereum Price
Altcoin News

Ethereum Price Analysis: ETH Could Take Major Hit Below $1,600

Ethereum price is struggling below the $1,650 resistance against the US Dollar. ETH price is now trading below $1,600...

by Aayush Jindal
September 26, 2023
Brandon Mintz of Bitcoin Depot on the Many Changes to the ATM Industry
Bitcoin ATMs

Brandon Mintz of Bitcoin Depot on the Many Changes to the ATM Industry

Brandon Mintz is the CEO of Bitcoin Depot, one of the largest crypto ATM firms in the world. He...

by Nick Marinoff
September 25, 2023
Bitcoin Suisse Sees Big Things Happening for Crypto Soon
Bitcoin News

Alyse Killeen: Bitcoin is Becoming Much More Mainstream

Is bitcoin – the world’s number one digital currency by market cap – finally gaining mainstream traction and attention?...

by Nick Marinoff
September 25, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Ibiza NXT 2023 – Heading toward a purpose-driven Web3 innovation journey

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

  • Reef Labs $10M Accelerator Program COHORT 1 Begins, Paving the Way for Web3 Innovators

  • Registration for the Finance Magnates London Summit 2023 is officially open!

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

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