{"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 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 The current bias is bullish. All eyes are on the key resistance at $1.5 and if price can make it support.<\/p>\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<\/a>
Technical Indicators<\/h2>\n
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Bias<\/h2>\n
Short-Term Prediction for ADA Price<\/h2>\n