Cardano Remains Strong Above 100 SMA
The price even tested the $0.89 support level, but there was no close below the 100 simple moving average (4-hours).
On the upside, there is a strong resistance forming near the $1.072 level.
A clear break above the $1.08 level could open the doors for a sharp increase towards the $1.14 level.
Technical Indicators
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4-hours MACD – The MACD for ADA/USDT is gaining momentum in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI for ADA/USD is currently above the 50 level.
Major Support Levels – $0.9806, $0.9569 and $0.8917.
Major Resistance Levels – $1.05, $1.072 and $1.14.
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