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WILL THE ADA PRICE RISE?
If the island price rises in the next few days, it could make a move towards the $0.32 resistance level, which is a strong hurdle the altcoin needs to clear. Also, my guess is that breaking above $0.35 will be a major confirmation of the uptrend.
ADA's price could retreat to the $0.22 support level of its downside target.👎
ADA is trading at $0.2856. This put the coin in a 24-hour gain of 4%. However, this positive daily performance is not enough to turn the altcoin's weekly performance green, as the altcoin has dropped 3.77% in the last 7 days.
The crypto's 24-hour gains helped the altcoin strengthen against two market leaders Bitcoin (BTC) and Ethereum (ETH) in the past trading day.
As a result, ADA gained 2.42% against BTC and 1.87% against the largest altcoin by market cap.
From a technical standpoint, ADA has managed to break above the 9-day EMA line in the last 24 hours and continues to trade above the technical indicator at the time of writing. The price of crypto also tried to challenge the longer 20-day EMA earlier in today's trading session, but failed to rise above the level.
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