fxstreet.com 16 Feb, 2021 05:45 am

ADA sits on stable support preparing for a 60% breakout

ADA sits on stable support preparing for a 60% breakout
Cardano price was able to recover after a brutal 21% crash. Now, ADA is trading between two crucial barriers setting up for a volatile move shortly. C

Cardano price seems to be finding a foothold above the $0.Cardano price was able to recover after a brutal 21% crash.Cardano price poised to breakout Cardano price found support on the 50 four-hour moving average after taking a nosedive to the $0.Likewise, the Parabolic Stop and Reverse (SAR)  moved underneath Cardano price, anticipating the beginning of a new uptrend.

ADA/USDT 4-hour chart Based on IntoTheBlock’s In/Out of the Money Around Price (IOMAP) model, Cardano price must slice through $0.But if Cardano price manages to break through this hurdle, it will likely march towards $1.

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