Cryptolean Cardano ADA Update

Last two weeks, in the daily chart ADA is teasing the key resistance zone of $0.76-$0.80.

Above $0.80, bulls will take control of the ADA price chart towards $1.

A daily candle closure above $0.80 will push ADA price towards $0.90 and higher.

Below $0.66 is the bearish zone and ADA price will decline towards $0.57 for another re-test of the ascending daily trendline.

Intraday Chart

The ADAUSDT 4-Hour chart is in the bullish territory and holding the key intraday support of $0.736.

A reversal from its current price location is likely and a bullish rejection of $0.736 will push Cardano to the key intraday resistance zone of $0.84-$0.88.

A bearish dip to $0.69 or, even better, to $0.65 and a bullish rejection of one of these levels could offer a long trade towards $0.84-$0.88 and higher.

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In the daily chart, ADA price rejected the key resistance zone of $0.76-$0.80.

A move and a closure above $0.80 will make Cardano bullish again towards $0.90 and higher.

Below $0.66 is the bearish zone and ADA price will decline towards $0.57 for another re-test of the ascending daily trendline.

Intraday Chart

The ADAUSDT 4-Hour chart is neutral, but it will change to bearish below $0.645.

A reversal from its current price location and a bullish rejection of $0.645 will push #Cardano to the key intraday resistance of $0.736.

A dip to below $0.645 will increase a probability of a bearish move towards $0.497-$0.54 with additional support at $0.60.