Cardano's (ADA) price continued to rise after the July 13 rally. Altcoins rose to a peak of $0.4568, but then paused. ADA price analysis from CryptoGuestPosts.

Cardano Price Forecast: Bullish Long-term

The positive momentum of buyers was unable to continue above the resistance zone of $0.46. The cryptocurrency is currently trading above moving averages, but below its $0.46 high. The cryptocurrency will reach its $0.52 high if the current resistance is broken.

Cardano is at risk of a fall if the bears breach the moving average line. Altcoins continue to fluctuate between $0.32 and $0.466. ADA is currently trading at $0.44.

Cardano Indicators: Analysis

Since July 13, the price bars are above the moving-average lines. This shows that the trend is positive and the ADA could continue to rise. Price movement is characterized as small, indecisive candles that dominate price action.

Technical Indicators

ey resistance Zones: $0.80 ($0.85, $0.90)

Support Zones for Key Dollar Values: $0.50, $0.45, and $0.40

What's the next step for Cardano cryptocurrency?

Cardano's 4-hour chart shows a sideways movement after the trend stopped at $0.46. The bullish momentum, which peaked at the high of July 13, has been halted. Since then, the altcoin has fluctuated above the moving-average lines. Due to doji candles delaying price movement, the uptrend is uncertain.

The price of cryptocurrency fell between moving average lines after the July 1st rise. The uptrend, however, was short-lived, as it met resistance at the moving average 50-day line, as previously reported by CryptoGuestPosts.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.