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Cardano Price Prediction: the ongoing recovery rally in Cardano coin price halts at the $0.35 local resistance zone. On March 14th, the daily chart shows the buyers failed to surpass the $0.35 barrier with a long-wick price rejection, indicating that traders are selling during price rallies. If the selling pressure persists, the ADA price is likely to prolong the prior correction phase.
Клучните точки:
- A bearish reversal sign at $0.35 resistance puts Cardano coin on a 16% downside risk
- Several technician levels accumulate near the $0.35 mark creating a strong supply zone
- Обемот на тргување во текот на денот во монетата ADA е 624 милиони долари, што укажува на добивка од 10%.
Извор- Tradingview
With the increasing bullishness in the crypto market, the Cardano coin rebounded from the psychological support of $0.3. The resulting bullish reversal backed by growing volume surged the coin price by 18.45% where it hit a flipped resistance of $0.35
However, on March 15th, the buyers tried to breach the aforementioned as well but by the day’s end, the daily candle closed below $0.35. This long rejection candle indicates the sellers are defending the level and may pressurize the price to resume proclaiming correction.
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If the Cardano coin faces more signs of selling pressure at $0.35 in the coming days, the prices are likely to turn down and retest the local of $0.325 and $0.3.
On a contrary note, if the buyers reattempt to prolong this recovery phase, the price will need a daily candle closing above the $0.35
Технички показател.
Релативна Сила Индекс: the daily RSI slope jumped back to the midline(50%) indicating the market sentiment is neutral.
ЕМА: the daily EMAs(20, 50, and 100) accumulated near the $0.35 mark creating a strong resistance level against buyers.
Кардано монети Цена интрадневни нивоа
- Цена на самото место: 0.344 УСД
- Тренд: Булиш
- Нестабилност: Средна
- Ниво на отпор - 0.35 долари и 0.377 долари
- Ниво на поддршка - 0.327 и 0.3 долари
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Source: https://coingape.com/markets/cardano-price-prediction-will-ada-price-rejection-from-0-35-barrier-resume-prior-downfall/