Musiccosmos

Key Highlights ADA price made a nice upside move from the $0.0845 low and broke $0.100 against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0980 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair must is currently correcting lower and it remains well supported above $0.090. Cardano price is following a bullish path against the US Dollar and Bitcoin. ADA/USD is likely to move past $0.1000 and $0.1100 for more gains in the near term. Cardano Price Analysis There was a decent support base formed near $0.0845 in cardano price against the US Dollar.  The ADA/USD pair started an upside move and traded above the $0.090 and $0.1000 resistance levels. It even broke the $0.1100 level and formed a high near $0.1121. During the upside move, the price also cleared a strong sell wall near the $0.1050 level and settled above the 100 hourly simple moving average. Moreover, there was a break above a major beari...

Key Highlights ADA price extended declines and traded to a new monthly low at $0.1070 against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance near $0.1170 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could drop further if buyers fail to push the price above $0.1170 and $0.1200. Cardano price is facing an uphill task against the US Dollar and Bitcoin. ADA/USD remains at a risk of more losses below the $0.1100 level in the near term. Cardano Price Analysis After a short-term correction , cardano price failed to move above the $0.1250 resistance against the US Dollar.  The ADA/USD pair topped near the $0.1270 level and started a fresh downside move. It declined sharply and broke the $0.1100 support. A new monthly low was formed at $0.1070 and later the price started trading in a range. It broke the 23.6% Fib retracement level of the last slide from the $0.1267 high to $0.1070 low. However, it seems like the...