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⭐Can Cardano (ADA) Recover? Examining Its Recovery Potential⭐ Cardano (ADA) touched $0.4520 after reversing gains. ADA must remain above $0.450 to rise again. ADA is battling to get over $0.4750. The price is below $0.460 and the 100-hour SMA. ADA/USD broke above a bearish trend line with resistance at $0.4570 on the hourly chart. The pair may rise if it closes over $0.4620. Cardano Price Tests Support Cardano has fallen in recent sessions after failing to break $0.4750 barrier. ADA fell below $0.4620 and tested $0.4520 like Bitcoin and Ethereum. The price is consolidating losses after a $0.4516 low. A modest recovery wave occurred over $0.4550. ADA/USD broke above a bearish trend line with resistance at $0.4570 on the hourly chart. The pair challenged the 23.6% Fib retracement of the latest fall from $0.4743 swing high to $0.4516 low. Cardano is below $0.4620 and the 100-hour SMA. Resistance at $0.4960 is imminent on the upside. The 50% Fib retracement of the latest slide from the $0.4743 swing high to the $0.4516 low is approaching $0.4620, the first resistance. The next hurdle may be $0.4750. A closing above $0.4750 barrier might spark a powerful surge. In this situation, the price may reach $0.50. More increases might lead to $0.5250. More ADA losses? If Cardano fails to break $0.4620 barrier, it may continue to fall. Near $0.4520 is immediate downside support. Near $0.4460 is the next important support. A drop below $0.4460 might challenge $0.4320. Near $0.420 is the next important support. #cardano #ada $ADA #EarnFreeCrypto2024 #altcoins

⭐Can Cardano (ADA) Recover? Examining Its Recovery Potential⭐



Cardano (ADA) touched $0.4520 after reversing gains. ADA must remain above $0.450 to rise again.

ADA is battling to get over $0.4750.

The price is below $0.460 and the 100-hour SMA.

ADA/USD broke above a bearish trend line with resistance at $0.4570 on the hourly chart.

The pair may rise if it closes over $0.4620.

Cardano Price Tests Support

Cardano has fallen in recent sessions after failing to break $0.4750 barrier. ADA fell below $0.4620 and tested $0.4520 like Bitcoin and Ethereum.

The price is consolidating losses after a $0.4516 low. A modest recovery wave occurred over $0.4550. ADA/USD broke above a bearish trend line with resistance at $0.4570 on the hourly chart. The pair challenged the 23.6% Fib retracement of the latest fall from $0.4743 swing high to $0.4516 low.

Cardano is below $0.4620 and the 100-hour SMA. Resistance at $0.4960 is imminent on the upside. The 50% Fib retracement of the latest slide from the $0.4743 swing high to the $0.4516 low is approaching $0.4620, the first resistance.

The next hurdle may be $0.4750. A closing above $0.4750 barrier might spark a powerful surge. In this situation, the price may reach $0.50. More increases might lead to $0.5250.

More ADA losses?
If Cardano fails to break $0.4620 barrier, it may continue to fall. Near $0.4520 is immediate downside support.


Near $0.4460 is the next important support. A drop below $0.4460 might challenge $0.4320. Near $0.420 is the next important support.

#cardano #ada $ADA #EarnFreeCrypto2024 #altcoins

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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