NewsBTC
17 February 2025
3 0

Cardano Price Surges Above $0.750, Eyes Further Gains

Cardano (ADA) Price Update

  • ADA price rallied above $0.750, currently consolidating gains.
  • Trading above $0.750 and the 100-hourly simple moving average.
  • Break above key bearish trend line at $0.770 on the ADA/USD hourly chart.
  • Potential for further increase if it clears $0.80 resistance.

Cardano formed a base above $0.720, breaking through the $0.750 and $0.80 resistance levels, reaching a high of $0.8286 before correcting to $0.7620. The price has recently started to rise again, surpassing the $0.780 resistance and the 50% Fib retracement level.

Key resistance levels include:

  • $0.80 zone
  • $0.820
  • $0.850

A close above $0.850 could lead to a rally towards $0.90 and potentially $1.00.

If ADA fails to break above $0.80, it may decline. Immediate support is near $0.7750, with major support at $0.7620 and $0.720.

Technical Indicators

  • MACD indicates bullish momentum.
  • RSI is above 50.
  • Major support levels: $0.7750 and $0.7620.
  • Major resistance levels: $0.8000 and $0.8200.


Cardano Price