• Cardano (ADA) price is showing positive signs above the $0.3500 support level against the US Dollar.
• There is a key contracting triangle forming with resistance near $0.3980 on the 4-hours chart (data feed via Coinbase).
• If ADA price stays above the $0.380 and $0.3720 support levels, it could resume its increase towards the $0.4000 resistance and beyond.
Cardano Price Analysis
Cardano price is rising above $0.3800 against the US Dollar, similar to bitcoin. ADA price could rally if there is a clear move above the $0.400 resistance.
Key Support and Resistance Levels
Immediate resistance for Cardano is near the $0.3950 zone, followed by a key contracting triangle forming with resistance near $0.3980 on the 4-hours chart (data feed via Coinbase). The next major resistance is near the $0.4000 zone.
On the downside, an immediate support is near the $0.385 level, with key supports at both $0.380 and $0