ADA Price Is Primed For A Rally And Only 1 Thing Is Holding It Back

Feb 9, 2024 06:00 am Cryptocurrency 139
ADA Price Is Primed For A Rally And Only 1 Thing Is Holding It Back

Cardano (ADA) is attempting a fresh increase from the $0.4720 zone. ADA could start a fresh rally if there is a close above the $0.5350 resistance.


  • ADA price is moving higher above the $0.500 zone.

  • The price is trading above $0.512 and the 100 simple moving average (4 hours).

  • There was a break above a key bearish trend line with resistance near $0.510 on the 4-hour chart of the ADA/USD pair (data source from Kraken).

  • The pair could accelerate higher if there is a clear move above $0.535 and $0.550.

    • Cardano Price Eyes Fresh Increase


    After forming a base above the $0.4720 level, Cardano started a fresh increase. ADA price was able to climb above the $0.485 and $0.500 resistance levels to move into a positive zone, like Bitcoin and Ethereum.


    There was a break above a key bearish trend line with ..

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