- Cardano coin is trading near the vital moving average of the 200-day line; it seems to be trying to rebound.
- Although the Coin falls below its major DMA lines of 20, 50, and 100 while trying to sustain above 200-day moving averages.
- The pair of ADA/BTC is trading on a solidly positive note at 0.00003194 BTC with an intraday increment of +0.23%, and the ratio of ADA/ETH is CMP at 0.0004351 ETH with an intraday action of +0.61%.
Cardano coin is trading below the short to medium-term moving averages of 20, 50, and 100-day lines over the monthly chart. Whereas the token is placed near the critical moving average of the 200-day line, and volume activity is slightly lower. Presently, the Coin is trying to sustain above the major DMA of the 200-day line. On the higher side, a 20-day short-term moving average acts as a minor hurdle for the upcoming sessions.
If ADA manages to regain the 20, 50, and 100-day short-term moving average line, it will push more buyers in forthcoming trading sessions. Support on the lower side is $1.72 and $1.49, whereas resistance on the higher side is $2.09 and $2.39.
Cardano coin is now moving flat, after a good recovery from lower levels
Cardano coin at the weekly chart is now moving flat, after a good recovery from lower levels. The Coin is heading towards the neutral levels with average volume activity over the 4-hour time frame. The technical parameters are gradually heading towards the higher levels, with a positive crossover. Presently, the ADA is trading at $1.87 with an intraday action of +3.21%, and the volume to market cap ratio is at 0.02566.
Relative Strength Index (NEUTRAL): Cardano coin token RSI is trading flat after gradually recovering from the oversold levels. The Coin is currently trading sideways in the neutral zone and CMP at 49.
Moving Average Convergence Divergence (BULLISH): The daily chart indicates a bullish trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) overpowers the seller’s line with a positive crossover.
Support levels: $1.72 and $1.49
Resistance levels: $2.09 and $2.39