ADA makes efforts to push into higher zones

Cardano (ADA) Price Prediction – Sept 10
Cardano is characterized by trying to push into higher zones as it has rebuilt its baseline from close to USD valuations. Currently, the price is trading near the $0.521 value line with an average percentage positive of 53.58.

Cardano (ADA) Pricing Statistics:
Current ADA Price – $0.5232
ADA market cap – $17.9 billion
ADA circulating supply – 34.2 billion
Total ADA supply – 34.9 billion
CoinMarketCap Ranking – 7th

ADA/USD Market
Main levels:
Resistance Levels: $0.60, $0.65, $0.70
Support levels: $0.45, $0.40, $0.35

ADA/USD daily chart
The ADA/USD daily chart shows crypto trading striving to push into the higher zones as it hits a logical point around the larger SMA trendline. has risen above the 14-day SMA indicator and remains at the $0.483 value line below the 50-day SMA indicator’s $0.533. The baseline of support has been drawn at the $0.40 level. The Stochastic is in the partially overbought territory, holding values ​​between 77.37 and 88.61. This indicates that some uptrends may still be relatively persistent.

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Is it technically worth following the ADA/USD market bull market beyond the 50-day SMA point?

It may not be safe to enter the ADA/USD market bull market above the indicated 50-day SMA value line despite the crypto market trying to push into the higher zones. The remaining upward force could allow a pullup to test resistance near the $0.60 resistance level. After that feeling is realized, a reversal movement can resurface. Long position takers should correlate the reading conditions and execution order of the Stochastic Oscillator while in the lower range points suggesting an upward return.

On the downside of technical analysis, for now, the ADA/USD market bears should be wary of when the general epidemic of price refusal expected in the near future will occur. If a bearish candlestick forms around his 50-day SMA trendline from today to his next two days, it is time-sensitive to see potential downtrend force.

ADA/BTC price analysis

Cardano’s trending feature against Bitcoin has temporarily moved north from its long-term spot. The 14-day SMA indicator is above the 50-day SMA indicator. The Stochastic is heading south from the overbought territory and features range values ​​between 63.29 and 47.99. Currently, the bullish candlestick is strengthening, indicating that the base crypto is underpinned by a velocity to the north against its opposite trading crypto.

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