cardano Its buyers managed to stop and reverse the downtrend, which pushed the price above 30 cents.
Key Support levels: $0.29
Key Resistance levels: $0.32, $0.35
After some hesitation, price action turned bullish on Tuesday. Since then, ADA has broken the resistance at 29 cents and turned it into support. The price is now over 30 cents. It is possible that buyers can push it higher with the next target at 32 cents.
Trading Volume: The buying volume has increased and the price has reacted quickly. Buyers have dominated in the last four days.
RSI: DAILY RSI The daily RSI is approaching 50 points. The bulls have to hold the momentum in their favour if they are hoping to hold onto these recent gains.
MACD: The daily MACD was bullish yesterday. This could be the start of a longer rally that could make up for some of the latest losses.
The trend for ADA is bullish.
Short Term Forecast For ADA Price
Sellers sold out earlier this week. With Bitcoin rallying Altcoins buyers made the most of this opportunity, pushing the price above 30 cents. As long as they can hold onto these recent gains, the price is likely to continue rising with key targets of 32 and 35 cents in the near term.
You can reach the current market movements here.