After making a lower low in December, Cardano surprised the market in the new year by opening in green.
Key Support levels: $0.24, $0.20
Key Resistance levels: $0.30, $0.34
Optimism is building up as Cardano seems to have found good support at $0.24. Since the start of 2023, ADA is in green and does not appear to be looking back. If this momentum continues then, this cryptocurrency could even target $0.30, which is the next key resistance.
Chart by TradingView
Trading Volume: The volume is rather flat, but despite this, ADA closed in the green for the past three days. Buyers may be returning.
RSI: The daily RSI made a bullish divergence as the price fell to a yearly low in December 2022. This is promising, particularly in light of the current price action.
MACD: The daily MACD charted a bullish cross on New Year’s Eve. Perhaps this was the signal buyers waited for.
Chart by TradingView
Bias
The bias for ADA is leaning bullish, but a clear break of the key resistance at $0.30 is neede
We współpracy z: https://cryptopotato.com/cardano-spikes-4-in-a-day-but-is-the-worst-over-ada-price-analysis/
