ADABTCADAUSDCardano (ADA) PriceCrypto NewsPrice analysis

Cardano Price Analysis: ADA Consolidation Around $1.2 Can Soon End in a Wild Move

ADA/USD – Bulls Fade At $1.20
Key Support Levels: $1.10, $1.00, $0.95.Key Resistance Levels: $1.20, $1.30, $1.37.
ADA dropped by a total of 3% today as the cryptocurrency continues to fall short at $1.20. It had bounced from support around $1.07 (.382 Fib) last week but struggled to close a daily candle above the $1.20 resistance since rebounding.
ADA has now been rangebound between $1.37 and $1.00 for the entire period of March 2021, and a breakout of one of these two boundaries will be the next indicator as to which direction it would head toward next.
ADA/USD Daily Chart. Source: Short Term Price Prediction
Looking ahead, the first level of support lies at $1.10, which is provided by a 2-month rising trend line. This is followed by $1.00 (50-day EMA), $0.95 (.5 Fib), and $0.90.
On the other side, the first resistance lies at $1.20. This is followed by $1.30, $1.37 (1.414 Fib Extension & March High-day closing price), and $1.46 (1.618 Fib Extension).
The RSI is straddling the midline as indecision looms within the market. To break $1.20 and head toward the upper March boundary, the RSI must start to push higher to indicate increased bullish momentum.
ADA/BTC – Buyers Continue The Battle To Defend 2000 SAT.
Key Support Levels: 2000 SAT, 1950 SAT, 1800 SAT.Key Resistance Levels: 2200 SAT, 2300 SAT, 2455 SAT.
Against Bitcoin, ADA has formed somewhat of a symmetrical triangle pattern during the second half of March. The cryptocurrency rebounded from 2000 SAT last week but was unable to close a daily candle above 2200 SAT, where lies the upper boundary of this triangle.
It has since dropped lower slightly as …
Story continues on Crypto Potato

Related posts
Binance CoinCointelegraph.comFTX TokenHuobi TokenMarketsOKExPrice analysis

Exchange tokens bounce from key support levels as COIN looks for direction

Bitcoin’s sharp correction to $50,000 brought Binance Coin, FTX Token, OKex and Huobi Token to their lower support levels but data shows there is still a bullish case for exchange tokens. A lot of hype was built up before the…
AA NewsCrypto NewsETHBTCEthereumEthereum (ETH) PriceEthereum 2.0ETHUSDSocial

Ethereum Whales at an All-Time High as ETH Explodes Against Bitcoin

While some traders have panic-sold during the recent market-wide crash, Ethereum whales have continued accumulating massive chunks. As a result, the number of large ETH holders has surged to a new all-time high. Meanwhile, ETH is also charting serious intraday…
AA NewsCrypto NewsNon-Fungible Token (NFT)Social

Will The Real Slim Shady Get an NFT? Eminem Curious About an NFT-Related Video on SNL

NFTs are undoubtedly one of the hottest trends in the cryptocurrency industry and have expanded to sportspeople, artists, and musicians. In fact, musicians were among the first to interact with non-fungible tokens and, according to a recent mysterious tweet, Eminem…