ADA/USD consolidates the pullback from three-month lows on Saturday. Golden cross formation spotted on the hourly chart; RSI still bullish. Bulls are likely to regain control, eyeing a break above $0.10 mark. Following a two-day robust recovery from three-month troughs, Cardano (ADA/USD) bulls are catching a breath this Saturday, awaiting a fresh impetus for the next push higher. The price pulled back from just below the $0.10 level in today’s trading so far, but remained well supported above the 23.6% Fibonacci retracement level of the latest corrective move higher from multi-month lows of 0.0755 reached last Wednesday. As we write, the bulls are trying hard to regain ground above the upward-sloping 21-hourly Simple Moving Average (HMA) at $0.0962. A fresh advance could be fuelled above the latter, as the fierce resistance at $0.10 will be back on the buyers’ radars. The next upside target sits just above $0.1040, the confluence of the September 4 and 5 highs. The hourly Relative Strength Index (RSI) has turned south, currently at 54.57, still holds above the midline. The main technical formation suggesting more scope to the upside is the golden cross spotted in the last hours, with the 50-HMA having pierced above the horizontal 200-HMA. If the tide turns against the ADA bulls following a break below the aforesaid 23.6% Fibonacci level of $0.0940, a steep drop towards the 38.2% Fibo level of the same rebound at $0.0904 cannot be ruled. All in all, the path of least resistance appears to the upside but the bulls may have a hard time at cracking the $0.10 barrier. ADA/USD: Hourly chart 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 Cryptocurrency Market Update: Bears return on Saturday, Ethereum eyes 8% weekly loss FX Street 2 years ADA/USD consolidates the pullback from three-month lows on Saturday. Golden cross formation spotted on the hourly chart; RSI still bullish. Bulls are likely to regain control, eyeing a break above $0.10 mark. Following a two-day robust recovery from three-month troughs, Cardano (ADA/USD) bulls are catching a breath this Saturday, awaiting a fresh impetus for the next push higher. The price pulled back from just below the $0.10 level in today’s trading so far, but remained well supported above the 23.6% Fibonacci retracement level of the latest corrective move higher from multi-month lows of 0.0755 reached last Wednesday. As we write,… 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.