Cardano Price Short-Lived Spike Amid Coinbase Listing, Fades!

ADA Slipped to Fifth Position After Latest Losses

Cardano price was trading in a very crucial position in the past weekend, however, a major bounce was on the cards. Yet the price movements surprised the crypto masses by sliding miserably, despite listing on Coinbase. 


ada price chart (4)

The technical indicators also do not showcase a pretty healthy uptrend incoming in the near future, unless the volume surges extensively. The RSI indicators are currently trending within the lower area of the channel and hardly manifests an uptrend. On the other hand, the MACD indicators are going hand in hand without a flip that could indicate either a buy or a sell signal.


ada technical indicator

At the time of writing, the ADA price is $1.20 with a dip of 0.72% in the past 24 hours. 

Technical Specifications

  • The resistance levels stand at $1.3 initially and once broken the next levels are at the yearly highs at $1.47
  • The support levels stand at $1.17
  • The indicators for Cardano price point out towards a buy signal.

Also Read: Cardano (ADA) Price Might Surge, If Integrated on Flare Network

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