Cardano Price Bounces Up at $0.64  Support Level

Bulls are gradually taking over Cardano market

ADA Price Analysis – 10 April

 If Cardano can maintain the price above the $0.74 hedge, they might try testing the resistance scenarios of $0.77 and $0.81. The $0.64 and $0.59 support options will be considered if the $0.68 hedge is translated.

Key Levels:

Resistance levels: $0.74, $0.77, $0.81

Support levels: $0.68, $0.64, $0.59

ADA/USD Long-term Trend: Bullish

Cardano’s daily time period indicates an inclining trend. Near the $0.64 support level, the chart displayed a double bottom conformation on June 05. The price first tried to break through the first hedging position that was created and found support close to the expected $0.64 level. However, the coin gets past the first anticipated obstacle. A bullish candle pattern was displayed on the daily map. Analysis of the $0.64 hedging position revealed bullish wicks. Positive exertion has been present since June. The price is currently trying to hit the $0.74 position after breaking the $0.68 hedging position.

The bulls appear to have a firm hold on the Cardano request. Purchasers are currently responding to the request since Cardano is trending faster in the direction above the Hull Suite forex signals index. If Cardano can maintain the price above the $0.74 hedge, they might try testing the resistance scenarios of $0.77 and $0.81. The $0.64 and $0.59 support options will be considered if the $0.68 hedge is translated.

ADA/USD Medium-term Trend: Bullish

The 4-hour chart of Cardano shows a propensity for incline. Two failed attempts to break below the support level at $0.59 on a 4-hour time frame have occurred in recent weeks. The ADA’s value dropped to roughly $0.0.64 as more bears than bulls filed petitions and copping instigation increased. A bullish engulfing candle formed as the currency approached the target level, suggesting that buyers are holding onto their position. At the moment, the price is increasing and approaching $0.74.

The price of Cardano is currently above the Hull Suite Crypto points, and the QQE MOD index, a trustworthy source of forex signals, is above the zero line and suggesting a buying signal.

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