- Cardano bounced back from $1.01 to $1.27 on Wednesday’s trading session
- The 24-hour volume in ADA is at $10,828,678,004 with a 121.20% increase
- The ADA/BTC pair was trading at 0.00002287 BTC with a gain of 21.60%
The 4-hour technical chart of Cardano projects an uptrend. According to pivot points, ADA’s critical support level is placed at $1.01. Whereas if it moves up, the key resistance level to watch is $1.45. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern which represents bulls are in control.
SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is below the SMA-50 (white), which projects a bearish trend. The price is also above SMA-100 (red). Investors may perceive SMA-20 and SMA-50 are going to intersect positively in the future trading sessions, the price will also follow the positive trend.
RSI indicator (OVERBOUGHT), with a value of 71.23, indicates a buy signal in the coin. Moreover, Investors can see an upward slope from 40 to 71 in the index, it may surge more in future trading sessions.
Cardano Got Listed In Coinbase Pro
The biggest cryptocurrency exchange platform situated in the US. Coinbase, has declared the expansion of the fourth-biggest advanced coin by market cap, Cardano, on its Coinbase Pro version. Inbound exchanges are as of now empowered, while trading will dispatch on or after 9 AM Pacific Time on 18, March, 2021.
Comeback Of Bulls In Cardano
Cardano price traded at $1.27 with a gain of 22.53% in the last 24-hour and 9.37% up in the weekly time-frame. Furthermore Cardano bounced back from the support of $1.01. In contrast, the market capitalization stands at $40 billion. Technically, investors can perceive a negative crossover in SMA but soon it will form a positive crossover in future trading sessions. Moreover, the movement of price can be towards the resistance of $1.45.
Resistance: $1.45
Support: $1.01
