{"id":644453,"date":"2024-09-25T05:18:05","date_gmt":"2024-09-25T05:18:05","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=644453"},"modified":"2024-09-25T04:41:43","modified_gmt":"2024-09-25T04:41:43","slug":"cardano-ada-jumps-0-40","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/analysis\/ada\/cardano-ada-jumps-0-40\/","title":{"rendered":"Cardano (ADA) Jumps 10%: Is a $0.50 Retest on the Horizon?"},"content":{"rendered":"
Cardano price started a decent increase above the $0.3620 resistance. ADA is now showing positive signs and might rise further toward $0.420.<\/em><\/p>\n
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ADA price started a recovery wave from the $0.3420 level.<\/li>\n
The price is trading above $0.380 and the 100-hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $0.3810 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 $0.3800 support zone.<\/li>\n<\/ul>\n
Cardano Price Starts Steady Increase<\/h2>\n
After forming a base above the $0.3420 level, Cardano started a decent increase. There was a decent move above the $0.3550 and $0.3650 resistance levels like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n