Cardano (ADA) Eyeing $0.40 Break: Will It Ignite a Bullish Surge?
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Cardano's (ADA) price has been steadily increasing, recently surpassing the $0.3850 resistance. It is now aiming to close above $0.40, which could trigger a bullish surge. ADA recently traded above $0.3880 and is trading above $0.390 and the 100-hourly simple moving average. A key bullish trend line is forming with support at $0.3935 on the ADA/USD hourly chart. If the price manages to close above $0.40, it could face resistance at $0.4050 and potentially rise to $0.4250 and higher. However, failing to breach the $0.40 resistance could result in a downside correction, with immediate support levels at $0.3960 and $0.3810.
Source: www.newsbtc.com ↗
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