Hello, welcome to this ADA /USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) rebounded on Thursday, with prices moving to an eleven-week high in the process.
Following a low of $0.3537 on Wednesday, ADA/USD rose to an intraday high of $0.3866 earlier today.
As a result of this, Cardano rose to its strongest point since November 8, which is the last time prices were above $0.4100.
Looking at the chart, ADA has moved lower from earlier gains, as traders appear to have taken profits near a ceiling of $0.3875.
As of writing, the token is trading at $0.3774, with the 14-day relative strength index (RSI) near a resistance of its own at 74.00.
The index, which is currently tracking at 69.22, will likely need to move past the 74.00 points in order for ADA to jump over the $0.3875 hurdle.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Cardano (ADA) rebounded on Thursday, with prices moving to an eleven-week high in the process.
Following a low of $0.3537 on Wednesday, ADA/USD rose to an intraday high of $0.3866 earlier today.
As a result of this, Cardano rose to its strongest point since November 8, which is the last time prices were above $0.4100.
Looking at the chart, ADA has moved lower from earlier gains, as traders appear to have taken profits near a ceiling of $0.3875.
As of writing, the token is trading at $0.3774, with the 14-day relative strength index (RSI) near a resistance of its own at 74.00.
The index, which is currently tracking at 69.22, will likely need to move past the 74.00 points in order for ADA to jump over the $0.3875 hurdle.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
