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Cardano (ADA) price will rise…

This is the reason for the growth on Cardano (ADA) —…

The price of Cardano (ADA) has shown technical signs bullish and can set up for big moves off the bounce support main.

While, on the other hand, the price of Ether (ETH) rallied with so much strength from the region of $1670 to $2000 before the Ethereum merger. This led to a gathering for many altcoinincluding Cardano (ADA) prices.

Unite Ethereum is upgrade on the Ethereum blockchain from Proof of work (PoW) to Proof of stake (PoS) to increase its network efficiency in transactions. This has become an important part of Ethereum as Ethereum 2.0.

How about Cardano (ADA) price analysis as altcoin which is no less important than ETH?

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Weekly Cardano (ADA) price analysis

The chart shows weekly ADA lows of around $0.4, which have bounced off that area to rise to $0.55.

The price has built more momentum as it faces resistance at $0.66. If the price of ADA on the weekly chart continues with the structure bullish In that case, the price could quickly return to $0.66 and rise to $0.75.

cardano price analysis available

For weekly resistance for the price of ADA in the range of $0.66 and support per week about 0.45 USD.

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As for daily, ADA prices to find support strong around $0.45, with what appears to be an area of ​​interest on the daily chart.

THERE it bounces supportand rallied as it faced resistance at $0.63. ADA prices still range from channelan exit from this channel can send the ADA price to the $0.63 resistance.

At the time of writing, the price of ADA was above $0.55 Exponential Moving Average (EMA) 50 at a cost of $0.50.

If the ADA price can be maintained support 0.5 USD, we can see an upward trend in the price. If the ADA price moves in reverse, $0.5, which corresponds to the 50 EMA, will be a good buy support.

The Relative Strength Index (RSI) for ADA prices on the daily chart is above 65, indicating a healthy bid for ADA.

Volume for ADA indicates buying, this indicates an increase in price. Daily resistance at $0.66 and support at $0.5.

On the 4-hour chart, the ADA price continues to maintain the structure bullishit after successfully breaking through above the channel.

ADA is trading above the 50 and 200 EMA at $0.52 and $0.5 as supporton the 4-hour chart, if the price ADA declined due to weekend sale.

If the ADA price remains above the $0.52 support with good volume, we can see a price trend towards $0.66.

If ADA experiences a sell-off, the 50 and 200 EMA prices will act as support for the ADA price. ADA’s 4-hour resistance is $0.66 and support is around $0.52, $0.50. [ps]

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