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Market Surge Might Bring Bullish Ride for ADA Above $0.54 Level

Cardano shows trendline support and a price of $0.5006. The coin must at least target a $0.54 resistance level for a higher surge. Dan Gambardello indicates a bullish stint for...
Market Surge Might Bring Bullish Ride for ADA Above $0.54 Level Market Surge Might Bring Bullish Ride for ADA Above $0.54 Level

  • Cardano shows trendline support and a price of $0.5006.
  • The coin must at least target a $0.54 resistance level for a higher surge.
  • Dan Gambardello indicates a bullish stint for Cardano.

In the context of the global crypto market surge, Cardano (ADA) shows an uptick in the form of a trendline. ADA hovers at $0.5006 and surges by 2.67% in the past 24 hours. The coin shows a 1.13% hike in the past week.

ADA/USDT- 1-Day Trading Chart (SOurce: TradingView)

Diving into the price analysis, ADA has been following trendline support for the past three days. The 0.54 resistance level is a challenge for the coin because if the coin breaks this level, it might move higher. If this happens, the coin is expected to reach another resistance of $0.66.

ADA has been trading low since the market downtrend in the first week of May. The price of the coin shows an over 44% dip since this market crash. While looking at another downtrend, ADA fell by nearly 68.93% from January 18, 2022, till today.

Moreover, the relative strength index of ADA is over 45, indicating that some traders have bought the coin. But the RSI remains close to the “oversold stage”.

Meanwhile, Dan Gambardello, the founder of Crypto Capital Venture, tweeted that Cardano is expected for the next bullish stint that will exceed the general expectations. He also added the price increase will shock every person who has not been paying attention to Cardano.

In another tweet, Gambardello remarked that the market might enter the bull stage after some time, saying, “I’m patient.” Also, he supportively said that the delay of the Cardano Vasil upgrade is due to the purpose of testing and not because of the engineering team stumbling around trying to find answers.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Continue reading on CoinQuora

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28-06-2022 16:17:16 (UTC+7)

EUR/USD

1.0586

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

EUR/USD

1.0586

+0.0003 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

GBP/USD

1.2275

+0.0011 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

USD/JPY

135.80

+0.38 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6956

+0.0033 (+0.48%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

USD/CAD

1.2824

-0.0054 (-0.42%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

143.77

+0.44 (+0.31%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (5)

EUR/CHF

1.0102

-0.0013 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (11)

Gold Futures

1,827.90

+3.10 (+0.17%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Silver Futures

21.332

+0.145 (+0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

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Copper Futures

3.8270

+0.0610 (+1.62%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

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Sell (6)

Crude Oil WTI Futures

110.92

+1.35 (+1.23%)

Summary

↑ Sell

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Indicators:

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Brent Oil Futures

112.50

+1.52 (+1.37%)

Summary

↑ Sell

Moving Avg:

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Natural Gas Futures

6.537

-0.009 (-0.14%)

Summary

↑ Buy

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Indicators:

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US Coffee C Futures

223.80

+1.60 (+0.72%)

Summary

↑ Buy

Moving Avg:

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Indicators:

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Sell (1)

Euro Stoxx 50

3,578.55

+39.67 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

S&P 500

3,900.11

-11.63 (-0.30%)

Summary

↑ Buy

Moving Avg:

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Sell (3)

Indicators:

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Sell (2)

DAX

13,316.88

+130.81 (+0.99%)

Summary

↑ Buy

Moving Avg:

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Sell (1)

Indicators:

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FTSE 100

7,345.50

+87.18 (+1.20%)

Summary

↑ Buy

Moving Avg:

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Sell (4)

Indicators:

Buy (7)

Sell (0)

Hang Seng

22,418.97

+189.45 (+0.85%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

1,772.68

+6.95 (+0.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (3)

IBEX 35

8,356.50

+113.90 (+1.38%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (3)

BASF SE NA O.N.

43.535

+0.725 (+1.69%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

59.90

+0.50 (+0.84%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (5)

Allianz SE VNA O.N.

184.21

+3.17 (+1.75%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Adidas AG

172.36

+0.48 (+0.28%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Deutsche Lufthansa AG

6.150

+0.168 (+2.81%)

Summary

↑ Buy

Moving Avg:

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Sell (2)

Indicators:

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Siemens AG Class N

105.66

+1.52 (+1.46%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

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Deutsche Bank AG

9.049

+0.159 (+1.79%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.0586↑ Sell
 GBP/USD1.2275↑ Sell
 USD/JPY135.80↑ Buy
 AUD/USD0.6956↑ Sell
 USD/CAD1.2824↑ Buy
 EUR/JPY143.77Neutral
 EUR/CHF1.0102↑ Sell
 Gold1,827.90Buy
 Silver21.332↑ Buy
 Copper3.8270Sell
 Crude Oil WTI110.92↑ Sell
 Brent Oil112.50↑ Sell
 Natural Gas6.537↑ Buy
 US Coffee C223.80↑ Buy
 Euro Stoxx 503,578.55↑ Buy
 S&P 5003,900.11↑ Buy
 DAX13,316.88↑ Buy
 FTSE 1007,345.50↑ Buy
 Hang Seng22,418.97↑ Buy
 Small Cap 20001,772.68↑ Buy
 IBEX 358,356.50Buy
 BASF43.535↑ Buy
 Bayer59.90Neutral
 Allianz184.21↑ Buy
 Adidas172.36↑ Buy
 Lufthansa6.150↑ Buy
 Siemens AG105.66↑ Buy
 Deutsche Bank AG9.049↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,780/ 6,850
(5/ 5) # 1,702
SJC HCM6,805/ 6,875
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SJC Hanoi6,805/ 6,877
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SJC Danang6,805/ 6,877
(15/ 15) # 1,729
SJC Nhatrang6,805/ 6,877
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SJC Cantho6,805/ 6,877
(15/ 15) # 1,729
Cập nhật 28-06-2022 16:17:19
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Sản phẩmVùng 1Vùng 2
RON 95-V33.47034.130
RON 95-III32.87033.520
E5 RON 92-II31.30031.920
DO 0.05S30.01030.610
DO 0,001S-V30.81031.420
Dầu hỏa 2-K28.78029.350
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WTI$109.83-0.92-0.84%
Brent$112.50-1.31-1.18%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.080,0023.390,00
EUR23.955,2725.297,05
GBP27.794,9128.980,57
JPY166,79176,58
KRW15,6419,06
Cập nhật lúc 16:14:18 28/06/2022
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