Di. Jul 16th, 2024

• Cardano (ADA) price is trading above the $0.320 level and the 55 simple moving average (4-hours).
• There is a key contracting triangle forming with resistance near $0.350 on the 4-hours chart.
• If ADA breaks above $0.350, it could start a strong increase towards $0.368 resistance.

Cardano (ADA) Price Analysis

Cardano price is showing positive signs above $0.320 against the US Dollar, similar to bitcoin. ADA price could gain bullish momentum if it clears the $0.350 resistance.

Price Movement

This past week, cardano price started a steady increase from the $0.3200 zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.335 and $0.340 levels and even broke the $0

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