ADA/USD went up from $0.058 to $0.063 this Friday and is currently priced at $0.62. Technical analysis shows that SMA 200 and SMA 50 act as immediate market resistance. Cardano had an extremely bullish Friday, wherein the price went up from $0.058 to $0.063, charting an 8.62% growth. Looking at the hourly breakdown, we can see that ADA/USD had a heavily bearish start to Friday, as the price plummetted from $0.058 to $0.056 in the first two hours. The bulls then found support and bounced up to $0.62, where it found resistance and dropped down to $0.0605. The bulls then took charge and brought the price up to $0.062. ADA/USD daily chart The 50-day simple moving average (SMA 50) and SMA 200 curves act as immediate market resistance. The 20-day Bollinger jaw is narrowing, showing decreasing market volatility. The Elliot oscillator shows nine straight bullish sessions, while the moving average convergence/divergence shows four consecutive bullish sessions, indicating positive market momentum. The relative strength index (RSI) indicator is trending around 44, having bounced up from the oversold zone. 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 Tim Draper sounds off on India’s crypto situation FX Street 4 years ADA/USD went up from $0.058 to $0.063 this Friday and is currently priced at $0.62. Technical analysis shows that SMA 200 and SMA 50 act as immediate market resistance. Cardano had an extremely bullish Friday, wherein the price went up from $0.058 to $0.063, charting an 8.62% growth. Looking at the hourly breakdown, we can see that ADA/USD had a heavily bearish start to Friday, as the price plummetted from $0.058 to $0.056 in the first two hours. The bulls then found support and bounced up to $0.62, where it found resistance and dropped down to $0.0605. The bulls then… 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.
