Cryptolean Cardano ADA Update: Watch $0.76-$0.80 Zone

After a fast bearish dip to the key daily support at $0.57, an ascending trendline, 50-Day and 100 Day Moving Averages, Cardano recovered strongly.

It is bullish in the daily ADAUSDT chart and re-testing the key daily resistance zone of $0.76-$0.80.

Above $0.80, bulls will take control of the ADA price chart towards $1.

A daily candle closure above $0.80 will push XRP price towards $0.90 and higher.

A bearish rejection of $0.76-$0.80 zone will result in price declining towards $0.66, the current key support, for Cardano.



The ADAUSDT 4-Hour chart is teasing the key intraday support of $0.72.

A reversal from its current price location is likely and a bullish rejection of $0.72 will push Cardano to the key intraday resistance zone of $0.81-$0.84.

A bearish dip to $0.69 or, even better, to $0.65 and a bullish rejection of one of these levels could offer a long trade towards $0.81-$0.84 and higher.

ADA will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and ADA won't be an exception.

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