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ADA Only Clinching Minimal Profit, There Is a Bullish Sign for TAMA

ADA Only Clinching Minimal Profit, There Is a Bullish Sign for TAMA

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Ever since ADA was forced to reject the higher resistance, this crypto has lost its power to grow significantly. The price impact of this crypto looks very weak and vulnerable, so moderate selling pressure will pull it lower.

Cardano forecast statistics data:
Cardano current price: $0.4396
Cardano market cap: $15.57 billion
Cardano circulation: 34.18 billion
Cardano’s total supply: 34.85 billion
Cardano Coinmarketcap Rank: #8

In this analysis, we will try to study the signals coming from trading indicators in the ADA/USD and ADA/BTC markets. In addition, we interpret them and determine based on them what can be expected from this market.

Main price tags:
Resistance levels: $0.4500, $0.5000, $0.5500
Support levels: $0.4550, $0.4400, $0.4300

ADA shows signs of claiming minimal profit, TAMA heads north

Recently, the price action on the ADA/USD chart has so far shown only signs of a small profit. In this chart, we can see how the small price candles managed to cross the faster EMA line. Specifically, the faster MA only intersects the second to last green candle on this chart, while the last red candle is sandwiched between the 9/21 MA.

On a more positive note, the RSI indicator lines are pointing sharply upwards, suggesting that the price may continue to rise. So far, it seems that the appearance of the last red candle will not affect the direction of the RSI. Therefore, based on the activity of the trading indicators, we can predict that the price of Cardano may rise to around $0.5000.

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ADA achieves only a minimal profit, TAMA has a bullish sign

Cardano price analysis: ADA/BTC depicts a more significant uptrend

Looking at the ADA/BTC chart, we can see that the upward price movement in this market looks more significant. This chart shows a more bullish candle above the MA lines. Another plus of this is that the EMA lines are also making a cross below the price movement. The occurrence of a possible cross increases the price increase.

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The stochastic RSI indicator also continues to show continued upward momentum. We can see that the lines of this indicator are still pointing upwards. And according to the height of the RSI curves and the EMA lines, the value will surely rise further. However, the value may not go much higher, although it is said that 0.000024 may be a strong resistance. Traders should anticipate this level and perhaps place a buy order immediately.

Tamadoge is also securing strategic listings on centralized and decentralized exchanges as part of its roadmap. The first listing has already been secured in LBank. LBank is a centralized exchange, and the Tamadoge team is optimistic that TAMA could be merged with ETH to support the rapid growth of the project, as its liquidity will improve.

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