Here is the next resistance when ADA breaks over $ 0.40 (Cardano price analysis)

Here is the next resistance when ADA breaks over $ 0.40 (Cardano price analysis)

Cardano has had a fantastic rally so far, but can it maintain it?

Important support levels: 0.38 $

Important resistance level: 0.42 $

Since the sellers cannot stop the bullish momentum, Ada is just under 40 cents and could even go to 42 cents to resistance. The support at 38 cents kept well during the new test at the beginning of this week and could serve as a catalyst for a higher assessment.

Diagram of Tradingview

trade volume: The decent buying volume has given sellers control over the price movements. This will probably not change until the price reaches 42 cents.

rsi : The daily RSI is over 50 points and seems to be interested in staying there. This is a bullish signal.

macd : The daily MacD is bullish and the sliding average seem to be ready to expand again. This indicates that a new impulse becomes more likely.

bias

The tendency for ada is Bullish.

Short-term forecast for the ADA Prize

Since the upward trend does not show any signs of weakness, Ada probably seems to reach 42 cents. In the past, the sellers succeeded in intervene and stopped at this level so that all eyes are directed to this resistance to see if it will be different this time.

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