ADA Bulls Need to Crack This Level for Rally to Continue on April 2
- Cardano (ADA) bounces ~3% to ~$0.673, testing key $0.675 resistance level
- Holding new $0.652 support crucial; break above $0.675 targets $0.68+
- RSI neutral (~43), MACD weak; breakout needed to confirm bullish strength
Cardano (ADA) showed strong signs of recovery in the short term; Tuesday saw bullish momentum pushing ADA prices higher. ADA currently trades near $0.6710, marking a 3.19% gain over the past 24 hours.
This recent uptick followed a consolidation period where ADA found support at lower levels before breaking higher again. Increased buying pressure and a notable surge in trading volume suggest potential continuation of this uptrend.
However, key overhead resistance levels must be monitored closely to confirm further positive movement for April 2nd.
Cardano’s Short-Term Trend and Market Sentiment
ADA has been trending upwards, supported by a recent rebound from $0.622 level. That price point previously acted as a temporary market bottom. Current bullish sentiment is evident as buyers actively defend crucial nearby support zones.
Trading volume for ADA increased sharply by over 50% in the past 24 hours. This suggests market participants…
The post ADA Bulls Need to Crack This Level for Rally to Continue on April 2 appeared first on Coin Edition.
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ADA Bulls Need to Crack This Level for Rally to Continue on April 2
- Cardano (ADA) bounces ~3% to ~$0.673, testing key $0.675 resistance level
- Holding new $0.652 support crucial; break above $0.675 targets $0.68+
- RSI neutral (~43), MACD weak; breakout needed to confirm bullish strength
Cardano (ADA) showed strong signs of recovery in the short term; Tuesday saw bullish momentum pushing ADA prices higher. ADA currently trades near $0.6710, marking a 3.19% gain over the past 24 hours.
This recent uptick followed a consolidation period where ADA found support at lower levels before breaking higher again. Increased buying pressure and a notable surge in trading volume suggest potential continuation of this uptrend.
However, key overhead resistance levels must be monitored closely to confirm further positive movement for April 2nd.
Cardano’s Short-Term Trend and Market Sentiment
ADA has been trending upwards, supported by a recent rebound from $0.622 level. That price point previously acted as a temporary market bottom. Current bullish sentiment is evident as buyers actively defend crucial nearby support zones.
Trading volume for ADA increased sharply by over 50% in the past 24 hours. This suggests market participants…
The post ADA Bulls Need to Crack This Level for Rally to Continue on April 2 appeared first on Coin Edition.
Read More