Cardano (ADA) Jumps 10%: Is a $0.50 Retest on the Horizon?

Sep 25, 2024 06:00 am Cryptocurrency 7

Cardano price started a decent increase above the $0.3620 resistance. ADA is now showing positive signs and might rise further toward $0.420.

ADA price started a recovery wave from the $0.3420 level.

The price is trading above $0.380 and the 100-hourly simple moving average.

There is a key bullish trend line forming with support at $0.3810 on the hourly chart of the ADA/USD pair (data source from Kraken).

The pair could continue to move up if it remains stable above the $0.3800 support zone.

Cardano Price Starts Steady Increase

After forming a base above the $0.3420 level, Cardano started a decent increase. There was a decent move above the $0.3550 and $0.3650 resistance levels like Bitcoin and Ethereum.

The bulls even pushed the price above the $0.380 resistance. A high was formed at $0.3938 and the price is now consolidating gains. ..

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