{"id":1144789,"date":"2022-01-18T06:27:43","date_gmt":"2022-01-18T11:27:43","guid":{"rendered":"https:\/\/cryptopotato.com\/?p=164420"},"modified":"2022-01-18T06:27:43","modified_gmt":"2022-01-18T11:27:43","slug":"cardano-price-analysis-ada-bulls-stopped-at-1-6-whats-next","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/cardano-price-analysis-ada-bulls-stopped-at-1-6-whats-next\/","title":{"rendered":"Cardano Price Analysis: ADA Bulls Stopped at $1.6, What\u2019s Next?"},"content":{"rendered":"\n

Key Support levels: $1.2<\/strong><\/p>\n

Key Resistance level: $1.5, $1.9<\/strong><\/p>\n

ADA’s rally continued this week and the price reached $1.6 before falling under the key resistance at $1.5. This show of strength decoupled ADA from the overall market that has remained indecisive at best this week. The support is found at $1.2 and seems unlikely to be tested again, assuming the current momentum remains intact.<\/p>\n

\"ADAUSDT_2022-01-18_12-59-13\"<\/a>
Chart by TradingView<\/figcaption><\/figure>\n

Technical Indicators<\/h2>\n

Trading Volume:<\/strong> The high volume during this rally confirmed that the bulls had total control of the price. This reaffirmed the positive momentum.<\/p>\n

RSI<\/strong>: The daily RSI has made a higher high and reached 65 points during this move. It seems likely for the RSI to also make a higher low and continue upwards so long the momentum is maintained.<\/p>\n

MACD<\/strong>: The daily MACD bullish cross from last Thursday was confirmed this week with a considerable rally. At the time of this post, the momentum looks to fade slightly on the histogram as ADA has reached a key resistance.<\/p>\n

\"ADAUSDT_2022-01-18_12-58-56\"<\/a>
Chart by TradingView<\/figcaption><\/figure>\n

Bias<\/h2>\n

The current bias is bullish. All eyes are on the key resistance at $1.5 and if price can make it support.<\/p>\n

Short-Term Prediction for ADA Price<\/h2>\n

Before potentially going higher, ADA may experience a pullback under the key resistance at $1.5. Then, if buyers have sufficient force, they can push the cryptocurrency above the critical resistance and turn it into support. If this plays out, then ADA’s next resistance is found at $1.9.<\/p>\n

Source: https:\/\/cryptopotato.com\/cardano-price-analysis-ada-bulls-stopped-at-1-6-whats-next\/<\/a><\/p>\n","protected":false},"author":1,"featured_media":1144790,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[4262,3760,3761,4045,4139,3686,5745,3763,6026,4000,3767,3724,8066,9228,9167,3801,3650,3653,3805,3654,3851,3658,3659,3706,4018,3665,5744,3666,3779,3669,3671,3756,3815],"artist":[5981],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/1144789"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/1144790"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=1144789"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=1144789"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=1144789"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=1144789"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=1144789"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=1144789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}