- ADA price is attempting a fresh increase from the $0.4180 zone against the US Dollar.
- The price is now trading below $0.500 and the 55 simple moving average (4 hours).
- There was a break above a major bearish trend line with resistance at $0.4420 on the 4-hour chart (data feed via Coinbase).
- The price could gain bullish momentum if it clears the $0.4600 and $0.480 levels.
Cardano price is holding the $0.4420 support against the US Dollar, like Bitcoin. ADA price could gain bullish momentum if it clears the $0.4800 resistance.
Cardano Price (ADA) Analysis
Earlier this month, Cardano price started a fresh decline from well above the $0.50 zone against the US Dollar. The ADA/USD pair declined below the $0.480 and $0.450 support levels.
It tested the $0.4180 zone. A low was formed near $0.4179, and the price recently started a fresh increase. There was a move above the $0.4250 and $0.440 resistance levels….
