3/31/2023 0 Comments Ethereum google trends![]() ![]() ![]() The moving average convergence/divergence (MACD) is on the bullish side, which however, is still far away from the zero line, as it is currently at -0.001. The relative strength index (RSI) is on an upwards curve supporting the bullish side at an index of 58.35. The volatility for the ADA is high, as the Bollinger Bands indicate, with the Upper band at $0.423, and the lower at $0.354. ADA/USD 24-hour chart, Source: TradingView However, the selling pressure is still strong and needs to be beaten for it to make a significant move. The crypto pair is trading hands at $0.407 at the time of writing, the coin reports a gain of 1.23 percent in value for the last 24 hours. The buying pressure will be strong if it breaks above $0.4159, as this level is presenting a major resistance right now. The 24-hour Cardano price analysis for the ADA/USD pair shows that the market sentiment is still positive, and there are good chances of recovery in the near future. ADA/USD 1-day price chart: Market sentiment is positive toward Cardano However, on the downside, if the bears take control of the market and push below $0.3985 again, then a downswing will occur. The current trend suggests that the price is moving up and if it breaks above $0.4159, then a further increase in price can be expected. The ADA/USD pair is trading in a range of $0.3985- $0.4159 which presents support and resistance respectively. However, the decrease is negligible, and the price will start recovering again hopefully. Currently, the price is corrected again because, as the price reached $0.407, the selling pressure built. The market was following a bearish trend, but now the situation has changed, and a bullish trend is visible on the charts. The Cardano price analysis is bullish as it shows the price is on the route to recovery today after correcting for a period of two days. ![]()
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