{"id":108149,"date":"2021-01-12T11:42:11","date_gmt":"2021-01-12T11:42:11","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108149"},"modified":"2021-01-12T11:42:11","modified_gmt":"2021-01-12T11:42:11","slug":"cardano-ada-price-analysis-fresh-rally-likely-above-0-30","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/cardano-ada-price-analysis-fresh-rally-likely-above-0-30\/","title":{"rendered":"Cardano (ADA) Price Analysis: Fresh Rally Likely Above $0.30"},"content":{"rendered":"

Cardano price is recovering losses from the $0.2200 support zone against the US Dollar, similar to bitcoin. ADA price must clear the $0.3000 barrier to continue higher in the near term.<\/em><\/p>\n

Cardano Price Analysis<\/h2>\n

Cardano price started a strong surge after it settled above the $0.2000 resistance against the US Dollar. The ADA\/USD pair broke the $0.3000 resistance level and settled above the 55 simple moving average (4-hours).<\/p>\n

There was also a break above the $0.3400 level and the price tested the $0.3500 zone. It seems like the bulls struggled to retain strength above $0.3400, resulting in a sharp decline. There was a nasty decline of over 20% and the price broke the $0.3000 support.<\/p>\n

There was also a break below the $0.2500 level and the 55 simple moving average (4-hours). However, the price remained well bid above the $0.2200 zone. There is also a major bullish trend line forming with support near $0.2200 on the 4-hours chart.<\/p>\n

A swing low is formed near $0.2279 before the price started recovering losses. It broke the $0.2500 resistance level. There was a clear break above the 23.6% Fib retracement level of the recent decline from the $0.3422 high to $0.2279 low.<\/p>\n

The price is now facing hurdles near $0.3000, but trading above the 55 simple moving average (4-hours). The 50% Fib retracement level of the recent decline from the $0.3422 high to $0.2279 low is acting as a strong resistance near the $0.2850 zone.<\/p>\n

A clear break above the $0.3000 resistance zone could open the doors for a fresh rally. In the stated case, the price is likely to continue higher towards the $0.3400 zone.<\/p>\n

Conversely, the price could correct again from $0.3000. An initial support is near the $0.2750 level and the 55 simple moving average (4-hours). The main support is now forming near the $0.2200 zone.<\/p>\n

<\/p>\n

Cardano (ADA) Price<\/p>\n

The chart indicates that ADA price is clearly attempting an upside break above $0.3000 and it is above the 55 simple moving average (4-hours). Overall, the price is likely to continue higher once it clears the $0.3000 resistance zone.<\/p>\n

Technical Indicators<\/h2>\n

4 hours MACD \u2013 The MACD for ADA\/USD is gaining pace in the bullish zone.<\/p>\n

4 hours RSI – The RSI for ADA\/USD is currently close to the 55 level.<\/p>\n

Key Support Levels \u2013 $0.2750 and $0.2500.<\/p>\n

Key Resistance Levels \u2013 $0.3000 and $0.3400.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano price is recovering losses from the<\/p>\n","protected":false},"author":3,"featured_media":108148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nCardano (ADA) Price Analysis: Fresh Rally Likely Above $0.30 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/cardano-ada-price-analysis-fresh-rally-likely-above-0-30\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano (ADA) Price Analysis: Fresh Rally Likely Above $0.30 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Cardano price is recovering losses from the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/cardano-ada-price-analysis-fresh-rally-likely-above-0-30\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-12T11:42:11+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafotoCardano-Price-1.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/cardano-ada-price-analysis-fresh-rally-likely-above-0-30\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/cardano-ada-price-analysis-fresh-rally-likely-above-0-30\/\",\"name\":\"Cardano (ADA) Price Analysis: Fresh Rally Likely Above $0.30 - 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