Buyers in control of Cardano market
ADA Price Analysis – 05 December
If sellers manage to hold the price of Cardano below the $0.40 support level, it might go as low as $0.38 or $0.35. The resistance levels at $0.44 and $0.48 will be looked at if the $0.41 barrier is broken.
Key Levels:
Resistance levels: $0.41, $0.44, $0.48
Support levels: $0.40, $0.38, $0.35
ADA/USD Long-term Trend: Bullish
Cardano’s daily chart has demonstrated potential. At the $0.26 support level, a clear bullish reversal pattern called double bottom forms on the chart. Cardano market began to climb higher, turning the resistance levels at $0.35 and $0.38 into levels of support. A few weeks ago, there was a bullish daily candle, and the price tested and break up $0.40 level. After a retracement, the coin’s price is currently trading above $0.40 level.
Cardano appears to be under bulls’ control on its trading above 9 and 21-exponential moving averages. If sellers manage to hold the price below the $0.40 support level, it might go as low as $0.38 or $0.35. The resistance levels at $0.44 and $0.48 will be looked at if the $0.41 barrier is broken.
ADA/USD Medium-term Trend: Bullish
Cardano’s 4-hour chart indicates an upward trend. On the 4-hour chart, it tested the $0.40 resistance level last week before backing off. When the $0.35 barrier was retested, the bulls triumphed over the bears and the bullish trend resumed. The coin tried and breached the $0.40 barrier as the bulls’ power increased. It is possible to get above the $0.41 upward barrier level.
It is encouraging that the price of Cardano is now above the exponential moving averages with 9 or 21 periods. Given that the current incline in the relative strength index period 14 is consistent with a purchasing signal and a signal line at level 61.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again

Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated

Get Alerts
Immediate alerts to your email and mobile phone.

Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.