The price of Cardano (ADA) has been on an uptrend, reaching $1.10. However, it has faced resistance at this level and has been unable to break through. The altcoin is currently trading above the 21-day SMA but below its previous high, indicating an uptrend. It could either fall to the 21-day SMA support or drop to $0.80 from its previous high. On the upside, the price will continue to rise once the $1.10 barrier is breached. At present, Cardano is valued at $1.09. The resistance zones to watch are $0.90, $1.00, and $1.10, while the support zones are $0.80, $0.70, and $0.60. Overall, Cardano is in an uptrend but is currently restricted within a range due to the resistance at $1.10. It is important for readers to conduct their own research before making any investment decisions.
- Content Editor ( coinidol.com )
- 2024-12-01
Cardano Price Stabilizes Above $0.90 As It Heads For The Recent High