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Cardano Price Is Ranging Within $0.47 and $0.41 Levels, OKX lists Tamadoge (TAMA)

Cardano Price Is Ranging Within $0.47 and $0.41 Levels, OKX lists Tamadoge (TAMA)

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Cardano remains under the control of sellers

ADA Price Analysis – September 27th

If the sellers push more, the daily candle can close below the $0.41 level, Cardano can drop to the $0.38 and $0.34 levels. If the buyers interrupt the sellers, bullish pressure may push the price to break $0.47, the next resistance levels are found at $0.50 and $0.54.

ADA/USD market

Key levels:

Resistance levels: $0.47, $0.50, $0.54

Support levels: $0.41, $0.38, $0.34

ADA/USD Long-term trend: Down

Cardano is bearish on the daily chart. The crypto trades in a bearish channel formed on the Cardano market. This pattern shows that the trend of the coin is down. The crypto found support at the $0.41 level on August 26. Krypto bounced up and started an upward movement. The former $0.47 resistance level was broken to the upside and the $0.50 resistance level was tested. Sellers interrupted the uptrend by forming a strong daily bearish candle. The price currently fluctuates between $0.47 and $0.41.

Cardano is trading around two dynamic support levels, the 9-period EMA and the 21-period EMA near, indicating bearish momentum. If the sellers push more, the daily candle can close below the $0.41 level, Cardano can drop to the $0.38 and $0.34 levels. If the buyers interrupt the sellers, bullish pressure may push the price to break $0.47, the next resistance levels are found at $0.50 and $0.54. The technical indicator Relative Strength Index is at the 48 level and the signal line is pointing up, indicating a bullish signal.

Tamadog OKX

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ADA/USD Medium-Term Trend: Bearish, OKX Lists Tamadoge (TAMA)

Cardano is bearish on the 4-hour chart. Last week, the crypto was at the level of $0.47 and $0.41. The coin bounces from the upper trend line of the descending channel formed on the 4-hour chart. The crypto is gradually heading towards the $0.47 resistance level. Strong buyer pressure on the 4-hour chart could push the price above the $0.47 support level.

The 9-period EMA is below the 21-period EMA, indicating that bears dominate the Cardano market. Period 14 of the Relative Strength Index is pointing upwards at the 58 level, indicating a buy signal.

Stay tuned to the crypto news feed here on InsideBitcoins for more updates on Tamadog’s initial public offering as the September 27th IPO date approaches. The OKX website has announced that the TAMA withdrawal will open at 13:00 UTC on the listing day.

Tamadoge – Play and earn meme coins

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  • Earn TAMA in battles with Doge Pets
  • Limited Supply of 2 Billion, Token Burn
  • Advance sales raised $19 million in less than two months
  • Upcoming ICO on OKX Exchange

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