Cardano Price May Increase to $0.48 Line

Buyers are increasing in momentum

ADA Price Analysis – 13 January

 If Cardano can maintain the price above the $0.42 barrier, it might attempt to reach the resistance levels at $0.45 and $0.48. Once the $0.38 support level is destroyed, the $0.34 and $0.24 levels will be considered.

Key Levels:

Resistance levels: $0.42, $0.45, $0.48

Support levels: $0.38, $0.34, $0.24

ADA/USD Long-term Trend: Bullish

Cardano steadily lost steam after peaking at $0.54. On December 2, the price formed a Head and Shoulder pattern near the resistance level of $0.54. Before running into resistance at the expected $0.54 level, the price attempted to break through the first barrier. However, the coin managed to overcome this initial obstacle. A bearish candlestick pattern was visible on the daily chart. When examining the $0.54 resistance level, bearish wicks were observed. The project declined to $0.34. The price has now recovered to the previously indicated level and is attempting to break above the $0.42 threshold once more.

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Bulls currently control the majority of the Cardano market. The abrupt rise over the Hull Suite forex signals indicator has traders concerned. If Cardano can maintain the price above the $0.42 barrier, it might attempt to reach the resistance levels at $0.45 and $0.48. Once the $0.38 support level is destroyed, the $0.34 and $0.24 levels will be considered.

ADA/USD Medium-term Trend: Bullish

The 4-hour chart for Cardano shows an upward trend. In recent weeks, there have been two failed attempts to breach the $0.34 support level on the 4-hour time frame. The value of ADA has increased to $0.42, suggesting that bulls are having a greater impact on the market than bears. As the price approached $0.36, a bullish engulfing candle appeared, indicating that sellers are in control.

.48 Line" width="1281" height="482" data-lazy-src="https://learn2.trade/wp-content/uploads/2026/01/4-hours-26.png"/> The QQE MOD index, a reliable forex indicator, is showing a positive signal and is above the zero line. The fact that Cardano is currently trading above the Hull Suite Crypto points indicates a good trend.

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