TL; DR bontás
- ADA moved sideways overnight.
- A 1.20 dolláros támogatás továbbra is fennáll.
- ADA/USD targets $1.30 next.
Cardano price analysis is bullish for the next 24 hours as the market price continues moving towards further highs after consolidation above the $1.20 mark overnight. Therefore, we can expect ADA/USD to target the $1.30 next resistance early next week.
A kriptovaluta piac vegyes eredménnyel kereskedik az elmúlt 24 órában. Bitcoin 1,81 százalékkal nőtt, míg Ethereum by around 1.53 percent. Internet Computer(ICP) is among the best performers with a gain of more than 26 percent.
Cardano price movement in the last 24 hours: Cardano consolidates above $1.20
ADA/USD traded in a range of $1.20 – $1.25, indicating mild volatility over the last 24 hours. Trading volume has decreased by 19.44 percent and totals $984.8 billion. Meanwhile, the total market capitalization trades around 39.55 billion, ranking the cryptocurrency in 5th place overall.
ADA/USD 4-hour chart: ADA prepares to reach $1.30 next?
On the 4-hour chart, we can see the Cardano price moving sideways overnight in preparation for another push higher to the $0.130 mark later today.
Cardano price action continues to trade in a bearish market structure over the past weeks after a lower swing high was set around $1.50 on the 4th of July. From there, ADA/USD started trading lower and lost more than 30 percent to the $1.03 mark.
ADA / USD quickly rallied from there and reached $1.20 minor support turned resistance level on Wednesday. What followed was a more than day-long consolidation and a retest of the $1.15 mark. From there, the Cardano price spiked higher again, this time reaching the $1.25 mark.
Overnight, Cardano consolidated again above the $1.20 resistance, indicating that bulls are gathering momentum for another push higher. Therefore, we can assume that ADA/USD will spike towards the $1.30 mark next.
Cardano árelemzés: Következtetés
Cardano price analysis is bullish for the next 24 hours as traders have continued to respect the $1.20 support overnight. Therefore, we expect further upside to began later today as bulls target the $1.30 resistance next.
While waiting for Cardano to move higher, read our guides on Bitcoin díjak, mit lehet vásárolni Bitcoinnal<p></p> A DeFi előnyei.
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Forrás: https://www.cryptopolitan.com/cardano-price-analysis-2021-07-25/