Charted: Cardano (ADA) Rallies 30%, Why Bulls Are Not Done Yet

Charted: Cardano (ADA) Rallies 30%, Why Bulls Are Not Done Yet


Cardano’s price started a strong surge over $0.2000, similar to bitcoin. ADA is showing positive signs and it is likely to continue higher above $0.2800 and $0.3000.

ADA started a strong surge above the $0.2000 and $0.2400 resistance levels against the US dollar. The price is now trading well above $0.2600 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $0.2280 on the 4-hours chart of the ADA/USD pair (data source from Bitfinex). The pair is likely to continue higher above $0.2800 and $0.2850 in the coming sessions. Cardano (ADA) is Surging

In the past few days, cardano’s price started a strong increase after it settled above $0.2000. ADA price rallied significantly and it broke many important hurdles near $0.2250 and $0.2300.

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There was also was a break above a key contracting triangle with resistance near $0.2280 on the 4-hours chart of the ADA/USD pair. It opened

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