- Cardano trades while holding a bullish vibe; ranges between $0.0296 to $0.030
Cardano has seen a volatile week, and it may continue to remain in the state of uncertainty for a bit longer while. However, the last 24 hours has been bullish for the coin as for now, ADA is testing resistance above $0.030.
The coin has been consolidating above $0.0296 since yesterday. Notably, the upward movement of the coin started yesterday only. Moreover, the 38.20% Fib level is still intact despite the current turbulent market.
- Cardano price has escalated by more than 8%; recovers its loss of valuation it faced over the last two days
Over a day, the coin has noted a surge of 8.29%. However, the ADA price took a sharp correction near $0.0297 before closing the day. The price went above $0.030 twice after that.
- Yesterday, the coin had opened at a dip at $0.028; the plunge took place the day before yesterday
Yesterday’s opening price was the lowest price point of the last two days; here, Cardano price tested the support level at $0.028. It was due to a nosedive that occurred because of the resistance above $0.0295.
- Technical indicators are in the bullish zone; the coin is above three of the moving averages
ADA coin price is well above the 200-day MA line while the simple moving averages are also in the bullish zone. The 50-day SMA line is above the 200-day SMA line. Meanwhile, the MACD indicator has just entered the green zone while RSI is at 60 giving no signs of extremities.