Coinidol.com: Cardano Maintains Its Gains Above $0.25

Cardano's (ADA) price is holding steady as it continues to move sideways above the $0.24 support but below the $0.30 resistance level.

Since February 5, as Coinidol.com reported, buyers have pushed the price above the 21-day SMA barrier twice, but were stopped at the $0.30 high. The cryptocurrency price is rising as it approaches its previous peak.

Key Resistance Zones: $1.20, $1.30, and $1.40

Key Support Zones: $0.90, $0.80, and $0.70

The 21-day and 50-day SMAs are horizontal, indicating a sideways trend. The price has remained stable while trading below the moving average lines at the bottom of the chart. On the 4-hour chart, the moving average lines are horizontal, but the 21-day SMA alternates below and above the 50-day SMA. The cryptocurrency price is trapped between them.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.