ADA increases by 11 %weekly because the bulls dominate are $ 0.48 within reach? (Cardano price analysis)

ADA increases by 11 %weekly because the bulls dominate are $ 0.48 within reach? (Cardano price analysis)

When the market skyrocketed, Cardano also managed to break the key resistance at 44 cents.

Important support levels: $ 0.38, $ 0.42

Important resistance level: $ 0.44, $ 0.48

Ada achieved a higher high this week and managed to briefly bring the price over the key resistance at 44 cents. Since then, the sellers have pushed back and the fight continues on this key level.

If the buyers are successful, the next resistance level is 48 cents. As long as the price remains in its rising channel (see graphic below), the tendency is bullish.

Diagram of Tradingview

trading volume: A strong purchase volume drove the price up. In the last two days, however, the sellers had the upper hand and took the price back to 44 cents.

rsi : The day-RSI briefly climbed into the overbought area above 70 points and now levels just below. This is a bullish signal.

macd : The day macd remains bullish and the momentum could increase again to challenge the next level of resistance.

Diagram of Tradingview

bias

The tendency for ada is bullish.

Short-term forecast for the ADA Prize

If the buyers succeed in converting the 44 cent mark into important support, the race for the next destination at 48 cents is open.

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