By Bitcoinist - 5 månader sedan - Läsningstid: 2 minuter
Cardano går in i Key Demand Zone, varför ADA-priset kunde stiga till $0.46
Crypto analyst Ali Martinez has pointed out that Cardano (ADA) has entered into a key demand zone, a development that could bode good news for the price. According to the analysis, this key demand zone currently lies between $0.37 and $0.38, making a breakout likely.
Cardano Key Demand Zone
I diagrammet shared by Ali, he points out that the key demand zone is between $0.37 and $0.38 mainly because of the widespread accumulation that took place in this region. A total of 166,470 wallets had purchased around 4.88 billion ADA at these price levels, making it their entry price.
Denna massiva ackumulering på dessa nivåer innebär också att investerare har registrerat ett betydande stöd även här, vilket skulle tjäna till att hålla priset uppe. Dessutom påpekar Ali att motståndet över denna nivå också är minimalt. "Med minimalt motstånd framåt och solidt stöd under, kan en kvarstående över denna zon bana väg för $ADA att klättra till nya årliga toppar," sa Ali.
Men analytikern varnar också investerare för att vara försiktiga med denna nivå, för trots att det finns mycket stöd, kan ett fall under denna nivå visa sig vara katastrofalt för priset. "Ändå, se upp, eftersom att förlora denna stödnivå kan utlösa en kort korrigering till $0.34," varnade han.
ADA-priset kan sjunka mot $0.46
I en annan inlägg, the crypto analyst revealed that the Cardano TD Sequential indicator had presented a sell signal on the weekly chart. Like with any asset, this can point toward more downside in the future of the asset. This is even more threatening if the digital asset were to lose the previously identified support at $0.37. As the analyst points out, a fall below this support could send the ADA-pris spiraling toward the $0.33 to $0.34 levels.
However, this bear signal could be invalidated if there was a close above $0.4. Since the ADA-pris has had a hard time beating this resistance, a close above it would be very bullish and could begin an “advance toward $0.46!”
Looking at the 4-hour chart, the analyst avslöjar that the 100-EMA has been the rebound zone for the digital. On the other side of this, $0.396 has been a level of stiff resistance. “The TD Sequential now presents a buy signal within this time frame around the 100-EMA, anticipating another rebound,” the analyst posits.
"Men du måste vara uppmärksam på en 4-timmars ljusstake som är nära över $0.396-motståndet eller under 100-EMA för att bekräfta riktningen för #ADA-trenden," sa Ali avslutningsvis.
Ursprunglig källa: Bitcoinär