Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»ADA Price claims $0.40 and recovery could soon turn into a rally
Analysis

ADA Price claims $0.40 and recovery could soon turn into a rally

2023-12-06No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano (ADA) is gaining pace above the USD 0.40 resistance. ADA could recover if there is a clear move above the USD 0.432 and USD 0.450 resistance levels.

  • The ADA price is moving higher above the $0.400 pivot level.
  • The price is trading above USD 0.415 and the 100 simple moving average (4 hours).
  • A major bullish trendline is forming with support near $0.410 on the 4-hour chart of the ADA/USD pair (Kraken data source).
  • The pair could accelerate higher towards the $0.500 level or even $0.550.

Cardano price starts steady increase

After forming a base above the USD 0.3750 level, Cardano started a steady rise. There was a break above the $0.388 and $0.400 resistance levels, but ADA, like Bitcoin and Ethereum, lagged behind the momentum.

The price even climbed above the USD 0.420 resistance. It reached a high near $0.4293 and the price is now consolidating gains. It is trading above the 23.3% Fib retracement level of the upward move from the $0.3715 swing low to the $0.4293 high.

ADA is now trading above $0.415 and the 100 simple moving average (4 hours). There is also a major bullish trendline forming with support near $0.410 on the 4-hour chart of the ADA/USD pair.

ADA Award

Source: ADAUSD on TradingView.com

On the upside, immediate resistance is near the $0.4250 zone. The first resistance is near $0.432. The next major resistance could be at USD 0.450. If there is a close above the USD 0.450 resistance, the price could start a strong rally. In the mentioned case, the price could rise towards the $0.50 region. Further gains could require a move towards $0.550.

See also  Analyst says that Top-20 Altcoin is ready to explode with 85%+ ultimately, Outlook works on Bitcoin and Dogwifhat at

Are dips supported in ADA?

If Cardano price fails to rise above the USD 0.432 resistance level, a downside correction could occur. The immediate downside support is near the $0.4150 level.

The next major support is near the $0.410 level and trendline. A downside break below the USD 0.410 level could open the doors for a test of USD 0.388. The next major support is near the USD 0.372 level.

Technical indicators

4-hour MACD – The MACD for ADA/USD is gaining strength in the bullish zone.

4-hour RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.

Major support levels – $0.415, $0.410 and $0.388.

Major resistance levels – $0.432, $0.450 and $0.500.

Source link

ADA Claims Price rally Recovery turn
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Cardano traders, is it time to rotate in the $ 0.78 dipzone from Ada? – Judgement …

2025-05-18

The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Swiss banks issue first digital bonds using real CHF wholesale wCBDC on a regulated DLT platform

2023-12-04

Ethereum dominates the adoption of business blockchain with NFTs, tokenized assets: Galaxy Report

2025-02-17

Pplpleasr on Sudden Stardom and the Future of Decentralized Storytelling

2022-10-13
Editors Picks

Analyst predicts 75% surge for Ethereum and sees Solana repeating massive surge in 2021

2024-10-22

Not all blockchains have to be pseudonymous

2024-02-11

The Digital Chamber calls on Kamala Harris to embrace pro-crypto policies amid presidential nomination

2024-07-22

VC Funding Boost for Web3 Marketplace Following Rihanna’s Music Rights Success

2023-05-17
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethereum vs. S&P 500: Despite winning, ETH traders cash in – why?

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,670.232.45%
  • ethereumEthereum(ETH)$2,444.98-1.11%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.402.30%
  • binancecoinBNB(BNB)$646.731.15%
  • solanaSolana(SOL)$169.472.30%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2282646.50%
  • cardanoCardano(ADA)$0.750.92%
  • tronTRON(TRX)$0.266898-0.81%
  • suiSui(SUI)$3.841.04%
  • chainlinkChainlink(LINK)$15.601.93%
  • avalanche-2Avalanche(AVAX)$22.611.98%
  • stellarStellar(XLM)$0.2899781.71%
  • hyperliquidHyperliquid(HYPE)$26.603.72%
  • shiba-inuShiba Inu(SHIB)$0.0000153.94%
  • hedera-hashgraphHedera(HBAR)$0.1936471.98%
  • bitcoin-cashBitcoin Cash(BCH)$404.093.47%
  • unus-sed-leoUNUS SED LEO(LEO)$8.66-3.23%
  • the-open-networkToncoin(TON)$3.121.80%
  • litecoinLitecoin(LTC)$99.273.30%
  • polkadotPolkadot(DOT)$4.691.89%
  • moneroMonero(XMR)$337.231.03%
  • bitget-tokenBitget Token(BGB)$5.153.83%
  • pepePepe(PEPE)$0.0000139.28%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.747.42%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.974.60%
  • bittensorBittensor(TAO)$415.46-1.71%
  • aaveAave(AAVE)$225.421.90%
  • nearNEAR Protocol(NEAR)$2.773.63%
  • aptosAptos(APT)$5.100.84%
  • okbOKB(OKB)$52.88-0.56%
  • ondo-financeOndo(ONDO)$0.932.13%
  • kaspaKaspa(KAS)$0.1102361.23%
  • ethereum-classicEthereum Classic(ETC)$18.422.00%
  • internet-computerInternet Computer(ICP)$5.221.77%
  • gatechain-tokenGateToken(GT)$21.650.35%
  • crypto-com-chainCronos(CRO)$0.0983501.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.973.38%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2377122.64%
  • mantleMantle(MNT)$0.731.73%
  • vechainVeChain(VET)$0.0284122.85%
  • render-tokenRender(RENDER)$4.581.39%
  • ethenaEthena(ENA)$0.3778358.12%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • algorandAlgorand(ALGO)$0.2226733.74%
  • filecoinFilecoin(FIL)$2.862.79%
  • cosmosCosmos(ATOM)$4.873.04%
  • bitcoinBitcoin(BTC)$105,670.232.45%
  • ethereumEthereum(ETH)$2,444.98-1.11%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.402.30%
  • binancecoinBNB(BNB)$646.731.15%
  • solanaSolana(SOL)$169.472.30%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2282646.50%
  • cardanoCardano(ADA)$0.750.92%
  • tronTRON(TRX)$0.266898-0.81%
  • suiSui(SUI)$3.841.04%
  • chainlinkChainlink(LINK)$15.601.93%
  • avalanche-2Avalanche(AVAX)$22.611.98%
  • stellarStellar(XLM)$0.2899781.71%
  • hyperliquidHyperliquid(HYPE)$26.603.72%
  • shiba-inuShiba Inu(SHIB)$0.0000153.94%
  • hedera-hashgraphHedera(HBAR)$0.1936471.98%
  • bitcoin-cashBitcoin Cash(BCH)$404.093.47%
  • unus-sed-leoUNUS SED LEO(LEO)$8.66-3.23%
  • the-open-networkToncoin(TON)$3.121.80%
  • litecoinLitecoin(LTC)$99.273.30%
  • polkadotPolkadot(DOT)$4.691.89%
  • moneroMonero(XMR)$337.231.03%
  • bitget-tokenBitget Token(BGB)$5.153.83%
  • pepePepe(PEPE)$0.0000139.28%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.747.42%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.974.60%
  • bittensorBittensor(TAO)$415.46-1.71%
  • aaveAave(AAVE)$225.421.90%
  • nearNEAR Protocol(NEAR)$2.773.63%
  • aptosAptos(APT)$5.100.84%
  • okbOKB(OKB)$52.88-0.56%
  • ondo-financeOndo(ONDO)$0.932.13%
  • kaspaKaspa(KAS)$0.1102361.23%
  • ethereum-classicEthereum Classic(ETC)$18.422.00%
  • internet-computerInternet Computer(ICP)$5.221.77%
  • gatechain-tokenGateToken(GT)$21.650.35%
  • crypto-com-chainCronos(CRO)$0.0983501.03%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.973.38%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2377122.64%
  • mantleMantle(MNT)$0.731.73%
  • vechainVeChain(VET)$0.0284122.85%
  • render-tokenRender(RENDER)$4.581.39%
  • ethenaEthena(ENA)$0.3778358.12%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • algorandAlgorand(ALGO)$0.2226733.74%
  • filecoinFilecoin(FIL)$2.862.79%
  • cosmosCosmos(ATOM)$4.873.04%