{"id":122737,"date":"2021-04-27T09:38:52","date_gmt":"2021-04-27T09:38:52","guid":{"rendered":"https:\/\/precoinnews.com\/?p=122737"},"modified":"2021-04-27T09:38:52","modified_gmt":"2021-04-27T09:38:52","slug":"cardano-ada-price-analysis-fresh-increase-likely-above-1-30","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/cardano-ada-price-analysis-fresh-increase-likely-above-1-30\/","title":{"rendered":"Cardano (ADA) Price Analysis: Fresh Increase Likely Above $1.30"},"content":{"rendered":"

Cardano price is rising and trading above $1.200 against the US Dollar, similar to bitcoin. ADA price could accelerate gains once it clears the $1.300 resistance.<\/em><\/p>\n

Cardano Price Analysis<\/h2>\n

After a steady decline, cardano price found support near the $1.00 zone against the US Dollar. The ADA\/USD pair traded as low as $0.911 before it started a fresh increase.<\/p>\n

There was a clear break above the $1.050 and $1.110 resistance levels. There was also a break above a major bearish trend line with resistance near $1.150 on the 4-hours chart. The pair is now trading above the $1.200 support and the 55 simple moving average (4-hours).<\/p>\n

It broke the 50% Fib retracement level of the downward move from the $1.559 high to $0.911 low. It is now showing positive signs and trading nicely above $1.200.<\/p>\n

An immediate resistance is seen near the $1.300 level. It is near the 61.8% Fib retracement level of the downward move from the $1.559 high to $0.911 low. The main resistance is near the $1.350 level. A clear break above the $1.350 resistance zone could set the pace for a sharp increase in the coming sessions.<\/p>\n

The next stop for the bulls could be near the $1.500 level. Conversely, the price might start a downside correcting below the $1.240 level. The first key support is near the $1.200 level and the 55 simple moving average (4-hours). Any more losses might call for a bearish wave towards the $1.100 support zone in the coming sessions. The main support is still near the $1.00 zone.<\/p>\n

<\/p>\n

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

The chart indicates that ADA price is clearly trading nicely above the $1.200 level and the 55 simple moving average (4-hours). Overall, the price is likely to continue high above the $1.300 and $1.348 resistance levels.<\/p>\n

Technical Indicators<\/h2>\n

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

4 hours RSI – The RSI for ADA\/USD is now well above the 50 level.<\/p>\n

Key Support Levels \u2013 $1.200 and $1.100.<\/p>\n

Key Resistance Levels \u2013 $1.300 and $1.350.<\/p>\n

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

Cardano price is rising and trading above<\/p>\n","protected":false},"author":3,"featured_media":122736,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nCardano (ADA) Price Analysis: Fresh Increase Likely Above $1.30 - 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\/crypto\/cardano-ada-price-analysis-fresh-increase-likely-above-1-30\/\" \/>\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 Increase Likely Above $1.30 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Cardano price is rising and trading above\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/cardano-ada-price-analysis-fresh-increase-likely-above-1-30\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-27T09:38:52+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\/04\/Cardano-ADA-Price-Analysis-Fresh-Increase-Likely-Above-1.30.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\/cardano-ada-price-analysis-fresh-increase-likely-above-1-30\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/cardano-ada-price-analysis-fresh-increase-likely-above-1-30\/\",\"name\":\"Cardano (ADA) Price Analysis: Fresh Increase Likely Above $1.30 - 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