Cardano (ADA) Price Analysis: Recovery Could Gain Pace Above $0. Cardano price is rising above $0.
31 May 2023, 08:00
Cardano (ADA) Price Analysis: Recovery Could Gain Pace Above $0.385
Cardano price is rising above $0.380 against the US Dollar, similar to Bitcoin. ADA price could rally if there is a clear move above the $0.385 resistance.
Cardano Price AnalysisThis week, Cardano price started a steady increase above the $0.362 resistance zone against the US Dollar. The ADA/USD pair gained pace for a move above the $0.370 and $0.375 levels.
Besides, there was a break above a major bearish trend line with resistance near $0.3700 on the 4-hours chart. The bulls were able to pump the price above the $0.380 resistance. However, the bears appeared near $0.385. A high is formed near $0.3864 and the price saw a downside correction.