{"id":158970,"date":"2022-06-07T09:03:33","date_gmt":"2022-06-07T09:03:33","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158970"},"modified":"2022-06-07T09:03:33","modified_gmt":"2022-06-07T09:03:33","slug":"cardano-ada-price-analysis-key-support-nearby-at-0-57","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/cardano-ada-price-analysis-key-support-nearby-at-0-57\/","title":{"rendered":"Cardano (ADA) Price Analysis: Key Support Nearby At $0.57"},"content":{"rendered":"

Cardano price is showing positive signs above $0.55 against the US Dollar, similar to bitcoin. ADA price could gain bullish momentum if it clears $0.600 and $0.620.<\/em><\/p>\n

Cardano Price Analysis<\/h2>\n

This week, cardano price started a steady increase above the $0.550 resistance zone against the US Dollar. The ADA\/USD pair gained pace above the $0.600 level to move into a positive zone.<\/p>\n

The price settled above $0.55 and the 55 simple moving average (4-hours). It even spiked above the $0.620 resistance zone. However, the bears remained active near the $0.65 level. A high was formed near $0.6463 and the price started a fresh decline.<\/p>\n

There was a move below the $0.620 and $0.600 support levels. Moreover, the price moved below the 50% Fib retracement level of the upward move from the $0.5391 swing low to $0.6463 high.<\/p>\n

The bears pushed the price below the $0.600 support level. The bulls are now protecting the 61.8% Fib retracement level of the upward move from the $0.5391 swing low to $0.6463 high. Besides, there is also a major bullish trend line forming with support near $0.575 on the 4-hours chart.<\/p>\n

On the upside, an immediate resistance is near the $0.600 zone. The next major resistance is near the $0.615 level. A clear upside break above the $0.615 level might send the price towards the $0.65 resistance.<\/p>\n

Any more gains could start a steady increase towards the $0.72 level in the near term. On the downside, an immediate support is near the $0.575 level.<\/p>\n

The next major support is near the $0.55 level. If there are additional losses, the price may perhaps decline towards the $0.52 support level. A break below $0.52 could push the price towards the $0.50 level.<\/p>\n

<\/p>\n

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

The chart indicates that ADA price is now trading above $0.55 and the 55 simple moving average (4-hours). Overall, the price could continue to rise if it stays above the $0.550 support zone in the near term.<\/p>\n

Technical Indicators<\/h2>\n

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

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

Key Support Levels \u2013 $0.575 and $0.550.<\/p>\n

Key Resistance Levels \u2013 $0.615 and $0.650.<\/p>\n

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

Cardano price is showing positive signs above<\/p>\n","protected":false},"author":3,"featured_media":158969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nCardano (ADA) Price Analysis: Key Support Nearby At $0.57 - 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-key-support-nearby-at-0-57\/\" \/>\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: Key Support Nearby At $0.57 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Cardano price is showing positive signs above\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/cardano-ada-price-analysis-key-support-nearby-at-0-57\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-07T09:03:33+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\/2022\/06\/Cardano-ADA-Price-Analysis-Key-Support-Nearby-At-0.57.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-key-support-nearby-at-0-57\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/cardano-ada-price-analysis-key-support-nearby-at-0-57\/\",\"name\":\"Cardano (ADA) Price Analysis: Key Support Nearby At $0.57 - 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