{"id":640184,"date":"2024-09-06T04:18:56","date_gmt":"2024-09-06T04:18:56","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=640184"},"modified":"2024-09-06T03:28:31","modified_gmt":"2024-09-06T03:28:31","slug":"cardano-ada-recovery-0-3360","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/analysis\/ada\/cardano-ada-recovery-0-3360\/","title":{"rendered":"Cardano (ADA) Path To Recovery: Can It Fuel a Strong Rally?"},"content":{"rendered":"
Cardano price found support near the $0.3050 level. ADA is now recovering higher and might aim for more gains above the $0.3360 resistance.<\/em><\/p>\n
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ADA price started a recovery wave from the $0.3050 level.<\/li>\n
The price is trading above $0.320 and the 100-hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance at $0.3245 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to move up if it remains stable above the $0.3200 support zone.<\/li>\n<\/ul>\n
Cardano Price Shows Signs of Steady Recovery<\/h2>\n
After a major decline, Cardano found support above the $0.30 zone. A low was formed at $0.3050 and the price is now attempting a recovery wave like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n