Monday, June 9, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Cardano (ADA) Could Recover Strongly If It Smashes This Barrier

October 9, 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


Cardano value began a contemporary decline beneath the $0.3550 zone. ADA is consolidating above $0.3400 and may try a restoration wave.

ADA value began a downward transfer beneath the $0.3500 assist stage.
The worth is buying and selling beneath $0.3520 and the 100-hourly easy transferring common.
There’s a key bearish development line forming with resistance at $0.3460 on the hourly chart of the ADA/USD pair (information supply from Kraken).
The pair may proceed to maneuver down if it stays beneath the $0.3520 resistance zone.

Cardano Value Consolidates Losses

After testing the $0.3680 resistance, Cardano struggled to proceed greater. ADA fashioned a short-term high and began a contemporary decline like Bitcoin and Ethereum. There was a transfer beneath the $0.3550 and $0.3500 assist ranges.

The worth even declined beneath $0.3450 earlier than the bulls appeared. A low was fashioned at $0.3409 and the value is now consolidating losses. There was a minor transfer above the $0.3450 stage. The worth examined the 23.6% Fib retracement stage of the downward transfer from the $0.3681 swing excessive to the $0.3409 low.

Cardano value is now buying and selling beneath $0.3520 and the 100-hourly easy transferring common. On the upside, the value may face resistance close to the $0.3460 zone. There’s additionally a key bearish development line forming with resistance at $0.3460 on the hourly chart of the ADA/USD pair.

The primary resistance is close to $0.3520 or the 50% Fib retracement stage of the downward transfer from the $0.3681 swing excessive to the $0.3409 low. The following key resistance is likely to be $0.3550. If there’s a shut above the $0.3550 resistance, the value may begin a robust rally. Within the acknowledged case, the value may rise towards the $0.3680 area. Any extra good points may name for a transfer towards $0.400.

Extra Downsides in ADA?

If Cardano’s value fails to climb above the $0.3550 resistance stage, it may begin one other decline. Speedy assist on the draw back is close to the $0.3420 stage.

The following main assist is close to the $0.3400 stage. A draw back break beneath the $0.3400 stage may open the doorways for a check of $0.3250. The following main assist is close to the $0.3120 stage the place the bulls may emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is dropping momentum within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for ADA/USD is now beneath the 50 stage.

Main Help Ranges – $0.3400 and $0.3350.

Main Resistance Ranges – $0.3460 and $0.3550.



Source link

Tags: ADABarrierCardanoRecoverSmashesStrongly
Previous Post

Circle Provides Guide for Migrating Bridged to Native USDC on Sui Mainnet

Next Post

MVT –  A New Era in Blockchain-Powered Gaming

Related Posts

Bitcoin Price Bounces Past 105K: Is a Full-Blown Rally Back on the Cards?
Analysis

Bitcoin Price Bounces Past 105K: Is a Full-Blown Rally Back on the Cards?

June 9, 2025
XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH
Analysis

XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH

June 6, 2025
XRP price forecast as Ripple USD (RLUSD) volume drops
Analysis

XRP price forecast as Ripple USD (RLUSD) volume drops

June 7, 2025
Bitcoin at $104K, but falling MVRV ratio hints at short-term correction
Analysis

Bitcoin at $104K, but falling MVRV ratio hints at short-term correction

June 7, 2025
XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?
Analysis

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

June 6, 2025
A Buying Opportunity or Warning Sign?
Analysis

A Buying Opportunity or Warning Sign?

June 7, 2025
Next Post

MVT -  A New Era in Blockchain-Powered Gaming

Introducing HFC: The Game-Changing Token Powering the Future of Web3 Gaming

Crypto Analyst Predicts Massive 8,400% Rise For XRP Price To $44, Calls It ‘Conservative’

Crypto Analyst Predicts Massive 8,400% Rise For XRP Price To $44, Calls It ‘Conservative’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In