NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Cardano Price Analysis: ADA/USD Eyeing Upside Break Above $0.042

Aayush Jindal
Aayush Jindal
6 years ago
2 mins read
technical analysis cardano

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Key Highlights

  • ADA price declined sharply below the $0.0400 support and traded towards $0.0340 against the US Dollar (tethered).
  • There is a key bearish trend line formed with resistance at $0.0400 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair is likely test the $0.0420 resistance level, which is a crucial barrier for buyers.

Cardano price extended losses before buyers appeared against the US Dollar and Bitcoin. ADA/USD must break $0.0420 to gain upside momentum in the near term.

Cardano Price Analysis

There were further losses below the $0.0450 support in cardano price against the US Dollar. The ADA/USD pair declined heavily below the $0.0400 support and settled below the 100 hourly simple moving average. The price even broke the $0.0360 support and traded close to the $0.0330 level. A new monthly low was formed at $0.0331 and later the price started an upside correction.

It climbed above the $0.0360 resistance and traded with a positive tone. Buyers pushed the price above the $0.0380 resistance. Moreover, there was a break above the 50% Fibonacci retracement level of the recent decline from the $0.0452 high to $0.0331 low. However, the price is now approaching the $0.0400 and $0.0420 resistance levels. There is also a key bearish trend line formed with resistance at $0.0400 on the hourly chart of the ADA/USD pair. A proper break above the $0.0400 and $0.0420 resistances is needed for buyers to gain traction. If they fail to clear the $0.0420 resistance, there could be a fresh decline towards the $0.0360 support.

Cardano Price Analysis ADA Chart

The chart indicates that ADA price bounced back sharply from the $0.0331 low. There are high chances of more gains once buyers push the price above $0.0420. The next resistance is near the $0.0440 and $0.0450 levels.

Hourly MACD – The MACD for ADA/USD is currently placed in the bullish zone.

Hourly RSI – The RSI for ADA/USD is currently well above the 50 level.

Major Support Level – $0.0360

Major Resistance Level – $0.0420

Tweet123Share213ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

強気相場が到来:今注目すべきアルトコイン4選とその魅力

強気相場が到来:今注目すべきアルトコイン4選とその魅力

暗号資産市場は強気相場に突入し、ビットコインの価格は高騰しています。今年の最低値から、多くのアルトコインが大幅に値上がりしています。 ビットコイン(BTC)は104,000ドルを超え、将来性への期待が...

Yohei Hanazato 52 minutes ago

Mystery box za 5000 zł: Co kryje najdroższa paczka-niespodzianka? Otwieramy!

Pamiętacie tę dziecięcą ekscytację, gdy tajemniczy prezent lądował w małych rączkach? Dreszczyk niepewności i radość po odkryciu zawartości? Okazuje się,...

newsbtc 53 minutes ago

Crypto bull run je stigao: top 3 altcoina za kupnju i čuvanje

Kripto “bikovsko tržište” (bull market) započinje s cijenom Bitcoina koja se približava svojoj najvišoj povijesnoj vrijednosti, dok većina altcoina bilježi...

NewsBTC 1 hour ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

新しい仮想通貨が急成長:Pi Networkが100%急騰、次世代プロジェクトが3,500万ドルを調達

新しい仮想通貨が急成長:Pi Networkが100%急騰、次世代プロジェクトが3,500万ドルを調達

Yohei Hanazato 3 minutes ago
Ethereum ar XRP: nuo ko verta pradėti dabar?

Ethereum ar XRP: nuo ko verta pradėti dabar?

Tomas Jankūnas 6 minutes ago
アルトコインが台頭:2025年にポルカドットとポリゴンを凌駕するとAIが予測

アルトコインが台頭:2025年にポルカドットとポリゴンを凌駕するとAIが予測

Yohei Hanazato 20 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • How to use Dogecoin (DOGE) to mine on the Blockchain Mining...

    1 hour ago
  • KGN Cloud Launches $100-12,500/Day Bitcoin Mining Plan +...

    5 hours ago
  • ALL4 Mining’s cloud mining contracts help investors earn...

    5 hours ago
  • The market value of Bitcoin has successfully exceeded...

    20 hours ago
  • CoinACE Opens Pre‑Registration for June 1 Early Access...

    21 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.