Cardano trades over 5% higher as the altcoin is one of the clear outperformers. The price is now consolidating about the 50.00 psychological level. ADA/USD 4-hour chart Cardano has been pushing higher in recent sessions and has taken out the 0.5448 level. The price recently bounced off the 55 exponential moving average (EMA). The price could now push higher and the blue zone above the current level close to 0.6250 could be the next resistance. On the downside, there is lots of traffic if the price moved lower. The 55 and 200 moving averages could play an important role and beyond that 0.04439 (red) horizontal level could stem any losses. Lastly, on the plus side for the bulls, the volume indicator is showing that there are big spikes when the candles turn positive. Unfortunately on this most recent break, the volume was lighter which could suggest a false break. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD: Bulls cheer risk-on sentiment above 0.6500, RBA minutes in focus FX Street 2 years Cardano trades over 5% higher as the altcoin is one of the clear outperformers. The price is now consolidating about the 50.00 psychological level. ADA/USD 4-hour chart Cardano has been pushing higher in recent sessions and has taken out the 0.5448 level. The price recently bounced off the 55 exponential moving average (EMA). The price could now push higher and the blue zone above the current level close to 0.6250 could be the next resistance. On the downside, there is lots of traffic if the price moved lower. The 55 and 200 moving averages could play an important role and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
