Ixabiso leCardano: Ngaba kuya kubakho ukuguqulwa kweBearish kwiNqanaba le-0.40 yeedola?

UAzeez Mustapha

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Sellers are struggling with buyers in Cardano market

 Uhlalutyo lwamaxabiso e-ADA 21 EyeNkanga

 If sellers manage to hold the price below the $0.38 support level, it could fall as low as $0.35 or $0.34. The resistance levels at $0.41 and $0.44 will be looked at if the $0.40 barrier is broken.

Amanqanaba aphambili:

Amanqanaba okumelana: $ 0.40, $ 0.41, $ 0.44

Amanqanaba enkxaso: $ 0.38, $ 0.35, $ 0.34

I-ADA / i-USD yexesha elide iTrend: Bullish

Itshathi yemihla ngemihla ye Cardano has been optimistic. At the $0.26 support level, a bullish reversal chart pattern is visible. The market began to show signs of improvement. The resistance levels of $0.34 and $0.35 are now acting as a level of support. A few weeks ago, there was a bullish daily candle, and the price tested $0.40 level. The coin experienced a price retracement and currently ranging between $0.40 and $0.38 levels.

Cardano is showing signs of retreating by oscillating between the 9 and 21- exponential moving averages. If sellers manage to hold the price below the $0.38 support level, it could fall as low as $0.35 or $0.34. The resistance levels at $0.41 and $0.44 will be looked at if the $0.40 barrier is broken.

I-ADA / i-USD yeXesha eliPhakathi lokuHamba: Bullish

Cardano’s 4-hour chart demonstrates an upward trend. On the 4-hour chart, last week, it tested the resistance level of $0.40 and pulled back. The $0.35 level was retested, Bulls opposed the bears at this level and the bullish trend is restored. The coin is trying to break the $0.40 level, provided the bulls’ strength increases. It’s possible to break through the $0.40 resistance level upward.

It is a good sign if Cardano’s price is currently above either of the 21- or 9-period exponential moving averages. Given that the present incline in the relative strength index period 14 is consistent with a buying signal and a signal line at level 55.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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