{"id":340333,"date":"2022-08-13T04:44:28","date_gmt":"2022-08-13T08:44:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=340333"},"modified":"2022-08-13T05:37:32","modified_gmt":"2022-08-13T09:37:32","slug":"cardano-price-is-heading-towards-resistance-level-at-0-58","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-price-is-heading-towards-resistance-level-at-0-58","title":{"rendered":"Cardano Price Is Heading Towards Resistance Level at $0.58"},"content":{"rendered":"<h2 style=\"margin: 0in;margin-bottom: .0001pt\"><span style=\"color: #0e101a\">Cardano price is increasing&nbsp;<\/span><\/h2>\n<h2>ADA Price Analysis &ndash; August 13<\/h2>\n<p>Should the buyers gain enough momentum and the daily candle closes above $0.58 level, <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-cardano\">Cardano<\/a> may increase to $0.62 and $0.69 levels. In case the sellers interrupt the buyers at $0.58 level, the bears&rsquo; pressure may likely decrease the price<\/p>\n<h2>ADA\/USD Market<\/h2>\n<h2>Key Levels:<\/h2>\n<p>Resistance levels: $0.58, $0.62, $0.69<\/p>\n<p>Support levels: $0.54, $0.47, $0.41<\/p>\n<p>&nbsp;<\/p>\n<h2>ADA\/USD Long-term Trend: Bullish<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-cardano\">Cardano<\/a> is bullish in the daily chart. Cardano was range-bound within the resistance level of $0.54 and $0.47 last week. ADAUSD is currently breaking out of the ranging movement that it was for two weeks. The bulls increase their momentum and push up the price at $0.54 resistance level. Today, the bulls are dominating the market and a daily bullish candle emerges. The price is heading towards $0.58 level.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-340334 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/Daily-3.png\" alt=\"\" width=\"1514\" height=\"655\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/Daily-3.png 1514w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/Daily-3-300x130.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/Daily-3-1024x443.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/Daily-3-768x332.png 768w\" sizes=\"(max-width: 1514px) 100vw, 1514px\"><\/p>\n<p>The price has broken up the dynamic resistance level of 9 periods EMA and 21 periods EMA. Should the buyers gain enough momentum and the daily candle closes above $0.58 level, ADA\/USD may increase to $0.62 and $0.69 levels. In case the sellers interrupt the buyers at $0.58 level, the bears&rsquo; pressure may likely decrease the price. However, the next support levels can be found at $0.54, $0.47, and $0.41 levels. The technical indicator RSI is at 63 levels with the signal line pointing upside which indicates a bullish signal.<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#000000;background-color:#F9A602;border-color:#c88502;border-radius:9px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;text-shadow:none\"> Buy Cardano Now<\/span><\/a>\n<\/p><p style=\"text-align: center\">&nbsp;Your capital is at risk<\/p>\n<p>&nbsp;<\/p>\n<h2>ADA\/USD Medium-term Trend: Bullish<\/h2>\n<p>Cardano is bullish on a 4-hour chart. The crypto was range-bound within the resistance level at $0.54 and the support level at $0.47; this scenario commenced on July 27 when the coin tested the resistance level of $0.54 and the level hold the price. The bulls eventually break up the resistance level at $0.54 today and the price is increasing to the resistance level at $0.58 price level.<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-340336 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/4-hours-6.png\" alt=\"\" width=\"1514\" height=\"655\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/4-hours-6.png 1514w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/4-hours-6-300x130.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/4-hours-6-1024x443.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/4-hours-6-768x332.png 768w\" sizes=\"(max-width: 1514px) 100vw, 1514px\"><\/p>\n<p>The 9 periods EMA has crossed the 21 periods EMA upside, the price has crossed the two EMAs and it is trading above the two EMAs. The relative strength index period 14 is pointing up at 69 levels to indicate buy signal.<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><u><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-tamadoge\">How to Buy Tamadoge<\/a><\/u><\/li>\n<li><u><a href=\"https:\/\/buy.tamadoge.io\">Visit Tamadoge Website<\/a><\/u><\/li>\n<\/ul>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Cardano price is increasing\u00a0 ADA Price Analysis \u2013 August 13 Should the buyers gain enough momentum and the daily candle closes above $0.58 level, Cardano <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/cardano-price-is-heading-towards-resistance-level-at-0-58\" title=\"Cardano Price Is Heading Towards Resistance Level at $0.58\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":340339,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[7630,8205,7992],"class_list":["post-340333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cardano","tag-marketing","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Price Is Heading Towards Resistance Level at $0.58<\/title>\n<meta name=\"description\" content=\"In case the sellers interrupt the buyers at $0.58 level, the bears\u2019 pressure may likely decrease Cardano price\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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