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

Bitcoin hits $ 101k to reclaim six digits, because Trump confirms us, UK Trade Deal

2025-05-08

Why do Democrats quietly support Trump’s controversial crypto plan?

2025-05-08

Texas a step away from creating official Bitcoin Reserve

2025-05-08
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

    Solana’s software supports these Layer-1’s

    2025-05-08

    Element goes live on abstract blockchain to power the next generation of modular daps

    2025-05-08

    Camino works together with Lufthansa Systems and Swiss to stimulate innovation in the travel industry

    2025-05-08

    How Plume is planning to scale tokenized real estate to $ 4 trillion by 2035

    2025-05-08

    Hadron integrates chain analysis by Tether, represents a new standard informing tokenization

    2025-05-08
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • 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

    Bitcoin hits $ 101k to reclaim six digits, because Trump confirms us, UK Trade Deal

    2025-05-08

    Crypto Exchange Coinbase adds Gold-Pegged Stablecoin Paxg to the list of route map

    2025-05-08

    XRP is forming bullish reverse dragon head pattern, how high can the price go?

    2025-05-08

    Bitcoin is recovering, but the market is still sharp with short -term holders near Breakeven

    2025-05-08

    Analysts say that $ 2,500,000,000,000,000 ‘avalanche’ of selling could reach the US dollar, warning trade wars threaten Greenback’s profession: report: report

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Cardano (ADA) Gains Traction: Is There More Upside Direction?
Altcoins

Cardano (ADA) Gains Traction: Is There More Upside Direction?

2024-09-12No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano price started a decent rise above the USD 0.340 resistance. ADA is now showing positive signs and could rise further towards USD 0.380.

  • ADA price started a recovery wave from the $0.3220 level.
  • The price is trading above $0.350 and the 100-hour moving average.
  • There was a break above a key bearish trendline with resistance at $0.3430 on the hourly chart of the ADA/USD pair (Kraken data source).
  • The pair could continue to rise if it holds steady above the $0.3440 support zone.

Cardano price starts steady increase

After forming a base above the USD 0.330 level, Cardano started a decent rise. There was a decent move above the USD 0.3350 and USD 0.340 resistance levels, like Bitcoin and Ethereum.

There was also a break above a key bearish trendline with resistance at $0.3430 on the hourly chart of the ADA/USD pair. The pair even peaked above $0.350. A high was reached at $0.3587 and the price is now consolidating gains.

It is above the 23.6% Fib retracement level of the upward move from the $0.3300 swing low to the $0.3587 high. Cardano price is now trading above $0.350 and the 100-hourly moving average.

Cardano Prize

On the upside, the price could encounter resistance near the $0.3580 zone. The first resistance is near $0.3620. The next major resistance could be at $0.3650. If there is a close above the resistance at $0.3650, the price could start a strong rally. In the mentioned case, the price could rise towards the $0.380 region. Further gains could require a move towards $0.400.

Are dips supported in ADA?

If Cardano price fails to rise above the USD 0.3580 resistance level, it could trigger a fresh decline. The immediate downside support is near the USD 0.350 level.

See also  Investor who bought Bitcoin in 2015 pleads guilty to falsely reporting crypto gains

The next major support is near the $0.3440 level or the 50% Fib retracement level of the upward move from the $0.3300 swing low to the $0.3587 high. A downside break below the USD 0.3440 level could open the doors for a test of USD 0.330. The next major support is near the $0.320 level, where the bulls could emerge.

Technical indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone.

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

Major support levels – USD 0.3500 and USD 0.3440.

Major resistance levels – $0.3580 and $0.3650.

Source link

ADA Cardano direction Gains traction Upside
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why do Democrats quietly support Trump’s controversial crypto plan?

2025-05-08

XRP -price repeating history? 2017-like rally to send the price to $ 10

2025-05-08

Game Changer: Asian stock agents are starting to accept USDT and USDC for trade

2025-05-08

Bitcoin Solaris introduces mobile mining solution

2025-05-08
Add A Comment

Comments are closed.

Top Posts

Ready to rock? Dogecoin chart hints at big gains ahead

2025-01-27

Russian National Set to forfeit almost $ 23,000,000 after he agreed to plead guilty of crypto -market manipulation

2025-03-21

‘Just a bunch of noise and garbage’: Cardano maker condemns Biden’s position on planned repeal of SEC custody law

2024-05-09
Editors Picks

PEPE Price Is About to Breakout, Bulls Eye Rally of 17%

2024-12-17

Mastercard launches Web3 user authentication solution to curb bad actors

2023-05-01

DWF Labs and MovieBloc are revolutionizing filmmaking through Blockchain collaboration

2023-11-21

US court orders $9.3 billion in stolen Bitcoin returned to Bitfinex after 2016 hack

2025-01-16
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

Bitcoin hits $ 101k to reclaim six digits, because Trump confirms us, UK Trade Deal

Why do Democrats quietly support Trump’s controversial crypto plan?

Texas a step away from creating official Bitcoin Reserve

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)$102,698.126.09%
  • ethereumEthereum(ETH)$2,187.2721.39%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.308.63%
  • binancecoinBNB(BNB)$625.224.30%
  • solanaSolana(SOL)$161.9410.39%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.19460313.67%
  • cardanoCardano(ADA)$0.7614.40%
  • tronTRON(TRX)$0.2561523.15%
  • suiSui(SUI)$3.9920.96%
  • chainlinkChainlink(LINK)$15.8315.74%
  • avalanche-2Avalanche(AVAX)$21.9413.42%
  • stellarStellar(XLM)$0.28891811.80%
  • shiba-inuShiba Inu(SHIB)$0.00001413.84%
  • bitcoin-cashBitcoin Cash(BCH)$420.0416.85%
  • hedera-hashgraphHedera(HBAR)$0.19530111.71%
  • unus-sed-leoUNUS SED LEO(LEO)$8.902.18%
  • piPi(PI)$0.6410.63%
  • the-open-networkToncoin(TON)$3.237.64%
  • hyperliquidHyperliquid(HYPE)$22.929.35%
  • litecoinLitecoin(LTC)$94.856.94%
  • polkadotPolkadot(DOT)$4.4212.85%
  • moneroMonero(XMR)$295.816.12%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.476.10%
  • pepePepe(PEPE)$0.00001241.69%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • uniswapUniswap(UNI)$5.9223.11%
  • bittensorBittensor(TAO)$421.0316.78%
  • aptosAptos(APT)$5.4414.86%
  • nearNEAR Protocol(NEAR)$2.6818.67%
  • okbOKB(OKB)$52.824.53%
  • aaveAave(AAVE)$204.8320.51%
  • ondo-financeOndo(ONDO)$0.9712.66%
  • ethereum-classicEthereum Classic(ETC)$18.4015.22%
  • internet-computerInternet Computer(ICP)$5.1714.18%
  • gatechain-tokenGateToken(GT)$21.883.67%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25411517.58%
  • crypto-com-chainCronos(CRO)$0.0986958.10%
  • kaspaKaspa(KAS)$0.0995868.59%
  • mantleMantle(MNT)$0.756.17%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.5415.63%
  • render-tokenRender(RENDER)$4.7213.63%
  • vechainVeChain(VET)$0.02813914.38%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • filecoinFilecoin(FIL)$2.9314.69%
  • ethenaEthena(ENA)$0.33069924.67%
  • algorandAlgorand(ALGO)$0.22374813.58%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7817.69%
  • bitcoinBitcoin(BTC)$102,698.126.09%
  • ethereumEthereum(ETH)$2,187.2721.39%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.308.63%
  • binancecoinBNB(BNB)$625.224.30%
  • solanaSolana(SOL)$161.9410.39%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.19460313.67%
  • cardanoCardano(ADA)$0.7614.40%
  • tronTRON(TRX)$0.2561523.15%
  • suiSui(SUI)$3.9920.96%
  • chainlinkChainlink(LINK)$15.8315.74%
  • avalanche-2Avalanche(AVAX)$21.9413.42%
  • stellarStellar(XLM)$0.28891811.80%
  • shiba-inuShiba Inu(SHIB)$0.00001413.84%
  • bitcoin-cashBitcoin Cash(BCH)$420.0416.85%
  • hedera-hashgraphHedera(HBAR)$0.19530111.71%
  • unus-sed-leoUNUS SED LEO(LEO)$8.902.18%
  • piPi(PI)$0.6410.63%
  • the-open-networkToncoin(TON)$3.237.64%
  • hyperliquidHyperliquid(HYPE)$22.929.35%
  • litecoinLitecoin(LTC)$94.856.94%
  • polkadotPolkadot(DOT)$4.4212.85%
  • moneroMonero(XMR)$295.816.12%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.476.10%
  • pepePepe(PEPE)$0.00001241.69%
  • ethena-usdeEthena USDe(USDE)$1.00-0.05%
  • uniswapUniswap(UNI)$5.9223.11%
  • bittensorBittensor(TAO)$421.0316.78%
  • aptosAptos(APT)$5.4414.86%
  • nearNEAR Protocol(NEAR)$2.6818.67%
  • okbOKB(OKB)$52.824.53%
  • aaveAave(AAVE)$204.8320.51%
  • ondo-financeOndo(ONDO)$0.9712.66%
  • ethereum-classicEthereum Classic(ETC)$18.4015.22%
  • internet-computerInternet Computer(ICP)$5.1714.18%
  • gatechain-tokenGateToken(GT)$21.883.67%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.25411517.58%
  • crypto-com-chainCronos(CRO)$0.0986958.10%
  • kaspaKaspa(KAS)$0.0995868.59%
  • mantleMantle(MNT)$0.756.17%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.5415.63%
  • render-tokenRender(RENDER)$4.7213.63%
  • vechainVeChain(VET)$0.02813914.38%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • filecoinFilecoin(FIL)$2.9314.69%
  • ethenaEthena(ENA)$0.33069924.67%
  • algorandAlgorand(ALGO)$0.22374813.58%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.7817.69%