ADA Price (Cardano) Breaking This Confluence Resistance Could Restart Rally

NewsBTC
NewsBTC

20 Nov 2023 4:28 AM

Cardano (ADA) is moving higher from the $0.350 support. ADA could rally if there is a clear move above the $0.388 and $0.395 resistance levels....

  • Cardano (ADA) is currently moving higher from the $0.350 support level.
  • ADA price is trading above $0.375 and the 100 simple moving average (4 hours).
  • There is a key bullish trend line forming with support near $0.370 on the 4-hour chart.
  • The pair could potentially rally towards the $0.420 level or even $0.450.
  • Immediate resistance levels are at $0.388 and $0.395.

The sentiment of the article is positive as it suggests that Cardano's price could potentially rally and move higher.

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What are the immediate resistance levels for Cardano (ADA)?What is the support level near $0.370?What are the major support levels for ADA?What are the technical indicators showing for ADA/USD?

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