Cardano trading: While Consolidating, ADA May Breakout Soon ByAzeez MustaphaPRO INVESTOR Updated: 14 September 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Cardano (ADA) Price Analysis – April 14 Following a bearish sentiment, Cardano market has been moving side-way for the past three days as a price break is expected to play out on either way. An upward move could kick-start another bull-run. If otherwise, the bearish sentiment would continue within a channel. ADA/USD Market Key Levels: Resistance levels: $0.09, $0.1, $0.12 Support levels: $0.073, $0.06, $0.05 For the past ten days, however, ADAUSD has been maintaining a slow bearish formation which is quite revealing in a falling channel pattern. Cardano’s market has been choppy since April 12 opening; showing indecisive trading. The 4-hours RSI has since been positioned on a side-way trend. ADAUSD, 4H Chart – April 14 In fact, the medium-term MACD is revealed horizontally below the zero level. A positive move could swing price up to $0.09 resistance level and above. A negative move may further drop the token to $0.073 support level and beyond. Before now, the 40 level of the medium-term RSI has become a strong defensive line for the bulls’ side since the early March rise. A successful breach below this level could lead to a more bearish scenario. ADA/BTC Market Cardano began a bullish reversal on March 4 after holding the price at 1100 SAT low. The upward movement propelled buying momentum to a monthly high of 1944 SAT on April 3; gaining 87% within a month. The scenario is shown on the 4-hours MACD. ADABTC, 4H Chart – April 14. Currently, ADABTC appeared to be following a falling channel after recording the monthly in the past two weeks. Resting close to the upper trend line, the token is expected to drop to 1450 SAT support; testing the lower trend line. However, a fall below 1450 SAT could send the price to 1300 SAT support and below. Similarly, a possible spike may push price at 1800 SAT resistance level, resuming a buying pressure. As the 4-hours RSI is leveled at 40, the sellers are yet to exhaust momentum. Join Our Telegram channel to stay up to date on breaking news coverage