Cardano Moves Toward $0.4233, Will ADA Maintain Its Uptrend?
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Cardano (ADA) is steadily approaching the $0.4233 resistance level, raising curiosity about its ability to maintain its bullish momentum. With a market capitalization of over $14 billion and a trading volume exceeding $304 million, ADA is trading at around $0.4008, marking a 1.82% decrease in the last 24 hours. The 4-hour and 1-day charts indicate a strong bullish trend, helped by the cryptocurrency breaking above the 100-day Simple Moving Average (SMA). The Relative Strength Index (RSI) suggests continued upward movement. If ADA maintains this trend, it could breach $0.4233 and test higher resistance levels at $0.5229 and $0.6822. Conversely, a pullback could lead to declines toward $0.3389 or lower.
Source: www.newsbtc.com ↗
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