Cardano (ADAUSD) Price Forecast: January 4
Today, ADAUSD price triggers a bullish move with a notable rally above the supply level, entering 2025 with a robust performance. If the coin holders prove firmly and the price sustains above the $1.24 prior high value, the price may continue to climb upward to the $1.40 upper resistance level and beyond, resulting in an intraday gain and a potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $1.14, $1.15, $1.16
Support Levels: $0.29, $0.28, $0.27
ADA (USD) Long-term Trend: Bullish (Daily Chart)
ADAUSD turns positive today, as can be seen from the chart below. The coin price triggers a bullish move above the resistance level and confirms a bullish race due to the high impact of the buy investors in the coin market.
The cryptocurrency price has been above the supply trend levels since its most recent high, triggering a bullish move due to the persistent bullish pressure over the last 48 hours.
The Cardano price triggers a bullish move above the EMA-50 at a $0.98 high level as fresh buying emerges, following the upward race as the daily chart opens today, indicating that the bulls remain dominant and are having the market price at their disposal at the moment.
Hence, an increase in the buying pressure might drive the price of ADAUSD to retest the previous high of $1.24 high point.
The market price of Cardano signals an uptrend on the daily stochastic, indicating that the token price may continue to trigger bullish moves and remain in an upward trajectory. As a result, the next jump by the bulls may reach a $1.40 upper resistance level in the days ahead as it triggers a bullish move in its higher time frame.
ADA (USD) Medium-term Trend: Bullish (4H Chart)
The market price of ADAUSD triggers a bullish move due to the high inflows from the buy traders on the medium-term outlook. So, it seems likely that the bulls will remain in charge and continue to push us higher to the upper resistance trend levels.
The bullish impact on the crypto to the $0.93 supply level in the previous action has sustained its firmness above the supply levels in its recent high.
Today, the Cardano price triggers a bullish move to the $0.96 high value above the moving average line as the 4-hourly chart opens. The coin price looks promising as the bulls remain dominant in the market.
If the bulls should increase their price action, and bullish momentum is sustained far above the $1.22 resistance trend line, further bearish sentiment will be hibernated.
Meanwhile, the market is pointing up, indicating a buy potential. In light of this, the Cardano price might trigger a bullish move to a significant $1.40 upper high level in the days ahead in its medium-term time frame.
Buy Cardano on eightcap.com
Leave a Reply