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Bullish Analysis on Cardano $ADA
Currently ADA is still holding above the green uptrend line, we've been seeing nothing but higher lows for the past couple weeks.
Price is also holding above the 50 Day Moving Average, and inches away from it as well. Price retesting and bouncing off the 50 Day MA is usually a buy signal for a potential pump to the upside. On Mar 25 we've already seen ADA bounce off the 50 Day MA and it pumped to about $1.28.
ADA is also holding above strong Daily support around the $1.15 area.
The next clear Daily resistance level is around $1.25, we need price to break & close above this level for us to see ADA to push to new ATHs.
Price is also holding above the 50 Day Moving Average, and inches away from it as well. Price retesting and bouncing off the 50 Day MA is usually a buy signal for a potential pump to the upside. On Mar 25 we've already seen ADA bounce off the 50 Day MA and it pumped to about $1.28.
ADA is also holding above strong Daily support around the $1.15 area.
The next clear Daily resistance level is around $1.25, we need price to break & close above this level for us to see ADA to push to new ATHs.
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