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DATE:- 23 th February, 2024
TIME:- 5 PM UTC
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🔥🔥🔥 $ADA Price Reaches Key Juncture – Can Cardano Start A Fresh Surge?
#cardano (ADA) is currently undergoing a corrective phase after encountering resistance near the $0.642 zone. To resume its upward momentum, ADA must maintain support above the $0.5550 level.
ADA's price is displaying several bearish signals below the $0.600 mark.
Trading above $0.5550 and the 100 simple moving average (4 hours) indicates ongoing support.
A key bullish trend line at $0.610 was broken on the ADA/USD pair's 4-hour chart from Kraken. Renewed upward movement could occur if buyers hold the $0.570 support level.
- Cardano Price Corrects Downwards
Following a consolidation above the $0.520 level, Cardano embarked on an upward trajectory. ADA managed to surpass resistance at $0.555 and $0.565, transitioning into a positive zone alongside Bitcoin and Ethereum.
Bulls surpassed the $0.600 resistance but struggled near $0.6420, leading to a retreat from a peak at $0.6419. A subsequent downward correction breached the $0.600 mark, with the 4-hour chart showing a break below the key trend line at $0.610 & the 23.6% Fibonacci retracement level.
ADA currently trades below $0.600 and the 100 SMA (4 hours), with potential support near $0.5700 or the 50% Fibonacci retracement level. Resistance levels include $0.600, $0.612, & a key area at $0.620. A clear break above $0.620 may trigger a rally towards $0.642 and possibly $0.680.
- Potential Losses in ADA?
Failure to breach the $0.600 resistance level could extend ADA's downward movement. Immediate support awaits near $0.570.
Further downside could see ADA testing the $0.5550 support level. A breach below $0.5500 might pave the way for a test of $0.5120. Ultimately, the $0.500 level presents significant support.
- Technical Indicators
The 4-hour #MACD for ADA/USD indicates waning bullish momentum.
The 4-hour #RSI is below the 50 level, indicating a shift in favor of sellers.
Key Levels to Watch
- Support: $0.570, $0.5550, $0.5120
- Resistance: $0.600, $0.6120, $0.6420
Source - newsbtc.com#TrendingTopic #MATIC #young

$DEXE . take a look great example about market cap and price.
How price can be so high like 29 dollar but market cap 87m and opposite price 5 dollar and market cap 180 m
its really important to track this data before buying any coin
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
DEXE
$4.7
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From small to big, Happy Xmas All Binance users, which to see you all in new year. #Xmas #Christmas #newyear #young