ADA Price Hold Strong At $0.30: Indicators Suggest Fresh Rally To $0.38

Jul 20, 2023 06:00 am Cryptocurrency 169
ADA Price Hold Strong At $0.30: Indicators Suggest Fresh Rally To $0.38

Cardano’s price is holding the key support at $0.30. ADA could start a steady increase if there is a clear move above the $0.340 resistance.


  • ADA price is showing positive signs above the $0.30 level against the US dollar.

  • The price is trading above $0.300 and the 100 simple moving average (4 hours).

  • There is a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA/USD pair (data source from Kraken).

  • The pair could gain bullish momentum if there is a close above the $0.340 resistance.

    • Cardano’s ADA Price Signals Fresh Increase


    This past week, Cardano’s price started a downside correction from the $0.379 high. The price traded below the $0.365 and $0.340 support levels to move into a short-term bearish zone, similar to Bitcoin and Ethereum.


    However, the bulls were active ..

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