Cardano's increase reached double digits this week, and its price faces key resistance
Bitget2024/02/15 11:29
Cardano has shown an upward trend this week, with a price increase reaching double digits. Key support level: $0.46, key resistance level: $0.60. ADA began its continuous rise at the support level of 46 cents and quickly approached the resistance level of 60 cents. If the bulls break through this level, ADA could reach new highs this year. Momentum indicators show bullish signals; within a three-day time frame, RSI has exceeded 60 points. This puts ADA on the bullish side and currently it is most likely that the bullish trend will continue. As bulls control price action, trading volume shows clear peaks. As long as this trend continues, prices will have to follow similar trends.
However, to break through the resistance of 60 cents, buyers will need to demonstrate more strength like they did in mid-December.The current bias for ADA is bullish.In short term ,ADA's price is heading towards a resistance point of 60 cents.Once there ,ADA would have to decide whether to continue rising or enter into correction.At time of publication,buyers are dominant.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
AI intelligent network PIN AI announces that HiPin points will be upgraded to PIN AI native points
Chaincatcher•2025/09/10 06:52
The Federal Reserve may accelerate interest rate cuts due to downward revisions in employment growth.
Chaincatcher•2025/09/10 06:52
Analyst: US August PPI Will Attract More Attention Than Usual
金色财经•2025/09/10 06:38
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$111,805.24
-1.03%

Ethereum
ETH
$4,314
-1.34%

XRP
XRP
$2.95
-1.71%

Tether USDt
USDT
$1.0000
+0.00%

BNB
BNB
$884.92
+0.39%

Solana
SOL
$219.4
+0.29%

USDC
USDC
$0.9999
+0.01%

Dogecoin
DOGE
$0.2401
-0.50%

TRON
TRX
$0.3365
+0.48%

Cardano
ADA
$0.8769
-0.76%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now