Cardano faces $1.60 resistance after ADA price hits 2-month highs
Cardano joins the cryptocurrencies battling pivotal resistance zones after beating out bears lower down in a broad market comeback. Cardano's ADA token came close to its highest in two months on Aug. 10 as daily gains neared 6%.Data from Cointelegraph Markets Pro and TradingView showed ADA/USD challenging resistance to reach $1.59 — its highest since June 15.Cardano bulls battle $1.60One of the top performers in the top fifty cryptocurrencies by market cap, Cardano was yet to overcome multi-month resistance at around $1.60 at the time of writing.Nevertheless, performance was impressive,....
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The price of Cardano (ADA) has shown bullish signs and could be set for a major run against Tether (USDT) after bouncing from key support. Ethereum price rallied with so much strength from a region of $1,670 to $2,000 ahead of the Ethereum “Merge”. This has brought relief bounces for many altcoins, including the price of Cardano (ADA). Related Reading: Cardano Price Sits Pretty At $0.5, Why A Breakout Is On The Horizon “The Merge” is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in....
Despite a largely volatile session, there have been a few tokens which managed to evade the red wave. Cardano rose to its highest level in over a week to start the weekend, as prices moved toward a key resistance level. Filecoin was another notable gainer, climbing by over 12% on Saturday Cardano (ADA) Cardano (ADA) was back in the green on Saturday, as the token rallied following recent declines in price. Following a low of $0.4499 on Friday, ADA/USD surged to an intraday high of $0.4769 to start the weekend. The move sees cardano move closer to its long-term resistance level of $0.4800,....
ADA’s price shows strength as price bounces from a downtrend with strong volume as price eyes a rally to $0.5. ADA faces rejection to trend higher above $0.4 as the price faced a sharp rejection below key resistance. The price of ADA continues to hold strong below the 50 Exponential Moving Average (EMA) as the price aims to rally past key areas. The price of Cardano (ADA) has continued to hold strong as price trends toward the region of $0.4, facing rejection to trend higher to a region of $0.5. The crypto market has looked more decent this week, with Bitcoin (BTC) and Ethereum (ETH)....
Cardano price started a fresh decline below the $0.9250 zone. ADA is now correcting losses and struggling to clear the $0.80 resistance. ADA price started a fresh decline from the $0.9250 zone. The price is trading below $0.850 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.8050 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another decline if it trades below the $0.7650 support zone. Cardano Price Faces Resistance After struggling to stay above the $0.950 level, Cardano started a fresh....
Bitcoin's price clocked two-month highs above $12,370 on Wednesday. The options market expects a continued rally.