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BTCUSD Bitcoin

84,210.96

79.70 (0.09%)

06:42:45 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,668,917,808,130	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	79.70	0.09%	84,210.96	84,205.49	84,205.50

High Price	Low Price	Open Price	Prev. Close	52 Week Range
84,809.72	84,026.76	84,213.37	84,131.26	49,050.01 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:42:45	0.000379	84,210.96	USD

Price x Volume	Volume	Base Symbol	Related Pairs
111,819,862.62	1,323.88	BTC	BTCEUR	BTCGBP	ETHBTC

Cardano (ADA) Rally on Hold: Will It Break Out Again Soon?

12/11/2024 4:58am

NEWSBTC

Cardano price started a consolidation phase below the $0.6650 zone. ADA is holding gains and might aim for a fresh increase above $0.6500. ADA price started a downside correction after a strong rally toward $0.6600. The price is trading above $0.580 and the 100-hourly simple moving average. There is a key contracting triangle forming with support at $0.5780 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.6060 resistance zone. Cardano Price Consolidates Gains In the past few days, Cardano saw a major increase above the $0.40 resistance. ADA outpaced Bitcoin and Ethereum. There was a move above the $0.450 and $0.50 resistance levels. It even cleared the $0.600 level. A high was formed at $0.6620 and the price is now consolidating gains. There was a minor decline below the $0.6120 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.4277 swing low to the $0.6620 high. However, the bulls are active above $0.5500 and the 50% Fib retracement level of the upward move from the $0.4277 swing low to the $0.6620 high. Cardano price is now trading above $0.580 and the 100-hourly simple moving average. There is also a key contracting triangle forming with support at $0.5780 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.6060 zone. The first resistance is near $0.6230. The next key resistance might be $0.6450. If there is a close above the $0.6450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.6800 region. Any more gains might call for a move toward $0.700. More Losses in ADA? If Cardano’s price fails to climb above the $0.6060 resistance level, it could start another decline. Immediate support on the downside is near the $0.5780 level. The next major support is near the $0.550 level. A downside break below the $0.550 level could open the doors for a test of $0.5180. The next major support is near the $0.500 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.5780 and $0.5500. Major Resistance Levels – $0.6060 and $0.6450.

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