Cardano Price Is Under Bulls’ Influence

Buyers are gaining momentum

ADA Price Analysis – 29 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 $0.50 support options will be considered if the $0.69 hedge is translated.

Key Levels:

Resistance levels: $0.74, $0.77. $0.81
Support levels: $0.69, $0.64, $0.50

ADA/USD Long-term Trend: Bullish

Cardano’s daily time period indicates an inclining trend. Near the $1.26 resistance level, the chart displayed a double top conformation on January 3. The price tried to break through the initial hedging position that was constructed before finding support close to the expected $0.69 level. However, the coin gets past the first anticipated obstacle. A bearish candle pattern was displayed on the daily map. Analysis of the $0.69 hedging position revealed bearish wicks. Negative exertion has been present since January 3. The price tested $0.59 after breaking the $0.69 hedging position. It is currently making an effort to go back, approaching the $0.74 mark.

The bulls appear to have a firm hold on the Cardano request. Since Cardano is currently going more quickly above the Hull Suite forex signals index, buyers are reacting to the request. 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 $0.50 support options will be considered if the $0.69 hedge is translated.

ADA/USD Medium-term Trend: Bullish

Cardano’s 4-hour chart shows a propensity for inclination. Two failed attempts to break below the 4-hour time frame support level at $0.50 have occurred in recent weeks. The ADA’s worth is increasing to roughly $0.64 as more bulls than bears filed petitions and copping instigation increased. A bullish engulfing candle formed when the currency approached the target level, suggesting that buyers are holding onto their position. At the moment, the price is rising 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 giving a purchasing signal.

Start using a world-class auto trading solution

You can purchase Lucky Block here. Buy LBLOCK