Cardano Price: Bullish Trend May Continue After a Pullback

Buyers may gather strong momentum

ADA Price Analysis – 16 September

 If Cardano can maintain the price above the $0.9 hedge, they can try testing the resistance potential of $0.98 and $1.0. The $0.77 and $0.64 support alternatives will be considered if the $0.86 hedge is translated.

Key Levels:

Resistance levels: $0.9, $0.98, $1.0

Support levels: $0.86, $0.77, $0.64

ADA/USD Long-term Trend: Bullish

Cardano is getting older every day. On June 24, the chart showed a double bottom formation close to the $0.64 support level. Prior to finding support near the anticipated $0.6 level, the price attempted to breach the first hedging position. But the coin overcomes the first expected barrier. The daily map showed a bullish candle pattern. Bullish wicks were found when the $0.77 hedging position was analyzed. Since June, the initiative has been successful. The price is trying to break up the $0.9 line after attempting the $0.86 and retreating.

The bulls appear to have a firm hold on the Cardano request. Cardano is giving buyers what they want with its quick rise over the Hull Suite forex signals indicator. If Cardano can maintain the price above the $0.9 hedge, they can try testing the resistance potential of $0.98 and $1.0. The $0.77 and $0.64 support alternatives will be considered if the $0.86 hedge is translated.

ADA/USD Medium-term Trend: Bullish

Cardano’s 4-hour chart shows an intranational trend. In recent weeks, there have been two unsuccessful efforts to break through the 4-hour time period support level at $0.64. As more bulls than bears filed petitions and copping instigation increased, the ADA’s value soared to $0.86. A bullish engulfing candle developed when the currency approached the $0.77 mark, indicating that buyers are in control of the market.

Cardano is currently trading above the Hull Suite Crypto points, despite the fact that the QQE MOD index, a trustworthy source of forex indicators, is above the zero line and showing a positive signal.

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