{"id":112313,"date":"2021-02-11T08:31:32","date_gmt":"2021-02-11T08:31:32","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112313"},"modified":"2021-02-11T08:31:32","modified_gmt":"2021-02-11T08:31:32","slug":"charted-cardano-ada-rallies-20-why-it-could-soon-break-1","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/","title":{"rendered":"Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1"},"content":{"rendered":"<p><em>Cardano&rsquo;s price started a strong surge above $0.7000 and $0.8000. ADA is consolidating gains and it is likely to continue higher above the $1.00 resistance.<\/em><\/p>\n<ul>\n<li>ADA started a strong surge above the $0.6500 and $0.7000 resistance levels against the US dollar.<\/li>\n<li>The price is now trading well above $0.8500 and the 100 simple moving average (4-hours).<\/li>\n<li>There is a key bullish trend line forming with support near $0.8250 on the 4-hours chart of the ADA\/USD pair (data source from Bitfinex).<\/li>\n<li>The pair is likely to continue higher above $0.9500 and $0.9800 in the coming sessions.<\/li>\n<\/ul>\n<h2>Cardano (ADA) is Surging<\/h2>\n<p>In the past few days, cardano&rsquo;s price started a strong rally after it settled above $0.5000. ADA price rallied significantly and it broke many important hurdles near $0.6500 and $0.7200, outperforming bitcoin.<\/p>\n<p>The bulls gained strength above $0.8000 and it traded to a new yearly high at $0.9518. It is now trading well above $0.8500 and the 100 simple moving average (4-hours). It also tested the 23.6% Fib retracement level of the recent rally from the $0.7485 low to $0.9518 high.<\/p>\n<p>The next major support is near the $0.8500 level. It is close to the 50% Fib retracement level of the recent rally from the $0.7485 low to $0.9518 high.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2021\/02\/Cardano-ADA.png\"><\/p>\n<p>Source: ADAUSD on TradingView.com<\/p>\n<p>There is also a key bullish trend line forming with support near $0.8250 on the 4-hours chart of the ADA\/USD pair. On the upside, the $0.9500 level is a major hurdle. The main resistance is now near the $1.00 level.<\/p>\n<p>A successful break above the $0.9500 and $1.00 resistance levels may possibly lead the price further higher. In the stated case, it could even test $1.20.<\/p>\n<h2>Dips Supported?<\/h2>\n<p>If cardano&rsquo;s price fails to clear the $0.9500 and $0.1000 resistance levels, it could correct lower. An initial support is near the $0.8500 level.<\/p>\n<p>The main support is now forming near the $0.8200 level and the trend line zone. A clear break below the trend line support may possibly push the price lower towards the $0.7200 support level in the coming session. Any more losses could encourage the bears for a test of the $0.6500 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-hours MACD &ndash; The MACD for ADA\/USD is clearly gaining strong momentum in the bullish zone.<\/p>\n<p>4-hours RSI (Relative Strength Index) &ndash; The RSI for ADA\/USD is currently in the overbought zone.<\/p>\n<p>Major Support Levels &ndash; $0.9000, $0.8500 and $0.8250.<\/p>\n<p>Major Resistance Levels &ndash; $0.2750, $0.2800 and $0.3000.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/ada\/cardano-ada-rallies-20\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano&rsquo;s price started a strong surge above<\/p>\n","protected":false},"author":3,"featured_media":112312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1 - 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\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Cardano&rsquo;s price started a strong surge above\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-11T08:31:32+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\/02\/ccryptafotoDepositphotos_228885008_s-2019-1.jpg\" \/>\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\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/\",\"name\":\"Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1 - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-02-11T08:31:32+00:00\",\"dateModified\":\"2021-02-11T08:31:32+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1 - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/","og_locale":"en_US","og_type":"article","og_title":"Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1 - Pre Coin News","og_description":"Cardano&rsquo;s price started a strong surge above","og_url":"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/","og_site_name":"Pre Coin News","article_published_time":"2021-02-11T08:31:32+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/ccryptafotoDepositphotos_228885008_s-2019-1.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/","url":"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/","name":"Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1 - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-02-11T08:31:32+00:00","dateModified":"2021-02-11T08:31:32+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/charted-cardano-ada-rallies-20-why-it-could-soon-break-1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Charted: Cardano (ADA) Rallies 20%, Why It Could Soon Break $1"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/112313"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=112313"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/112313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/112312"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=112313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=112313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=112313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}