Cardano (ADA) Price Predictions for This Weekend
Main Idea
ADA has found support at $0.70 and shows signs of reversing its downtrend, with bullish momentum increasing and key resistance levels to watch.
Key Points
1. ADA found support at $0.70, indicating a potential reversal of the downtrend.
2. Key support levels are $0.64 and $0.70, while resistance levels are $0.77 and $0.90.
3. Buyers returned when the price reached the $0.70 support level, with a potential move towards $0.77 if bulls break that resistance.
4. ADA closed four out of the last five daily candles in green, showing bullish momentum.
5. The daily RSI has moved above 50, suggesting a positive bias and potential for further upward movement towards $0.90 if the RSI remains above 50.
Description
ADA found support at $0.70 and appears determined to reverse the downtrend. Key Support levels: $0.64, $0.70 Key Resistance levels: $0.77, $0.90 1. Buyers Return at Key Support Once the price landed on the 70 cents support, buyers returned. At the time of this post, ADA is at 75 cents and has good momentum to test the resistance at $0.77. If bull break that level, then ADA has a clear path to go back towards 90 cents. Chart by TradingView 2. Bullish Momentum Picking Up In the past five days, ADA...
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