{"id":24747,"date":"2023-11-27T19:15:40","date_gmt":"2023-11-27T19:15:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cardano-ada-price-near-key-support-as-analyst-points-to-buy-signal\/"},"modified":"2023-11-27T19:15:40","modified_gmt":"2023-11-27T19:15:40","slug":"cardano-ada-price-near-key-support-as-analyst-points-to-buy-signal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cardano-ada-price-near-key-support-as-analyst-points-to-buy-signal\/","title":{"rendered":"Cardano (ADA) price near key support as analyst points to buy signal"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681834321899-401aa8c5-3236-4b39-8f23-caaa4df62fc3-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681834321899-401aa8c5-3236-4b39-8f23-caaa4df62fc3-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681834321899-401aa8c5-3236-4b39-8f23-caaa4df62fc3-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681834321899-401aa8c5-3236-4b39-8f23-caaa4df62fc3-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline.\u00a0<\/li>\n<li dir=\"ltr\">An analyst says the 4-hour chart shows a potential buy signal for ADA.<\/li>\n<li dir=\"ltr\">A rebound for Cardano could also be helped by a flip in on-chain metrics.<\/li>\n<\/ul>\n<p dir=\"ltr\">As cryptocurrencies pulled back on Monday, <a href=\"https:\/\/coinjournal.net\/cardano\/\">Cardano (ADA)<\/a> saw its price drop below $0.38 again, pushing the altcoin to a support level seen as prices rose last week. But is ADA poised for a rebound?<\/p>\n<p dir=\"ltr\">A crypto analyst shared the forecast below on X.<\/p>\n<h2 dir=\"ltr\">Analyst points to ADA buy signal<\/h2>\n<p dir=\"ltr\">While the overall declines across the market might see sellers attempt at extending their grip, a crypto analyst says a potential buy signal for ADA is formed on the 4-hour chart. What technical indicators support the analyst\u2019s take?<\/p>\n<p dir=\"ltr\">Here\u2019s the prediction.<\/p>\n<p dir=\"ltr\">\u201c<em>Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ADA while the $0.396 level acts as a stiff resistance<\/em>,\u201d Ali noted in a post on X.<\/p>\n<p dir=\"ltr\">According to the analyst, there is a buy signal for ADA within the 4-hour time frame, with the highlighted 100-EMA continuing to act as a crucial rebound area. Nonetheless, traders might want to be keen on Cardano price\u2019s candlestick close on the 4-hour chart.<\/p>\n<p dir=\"ltr\">He explained:<\/p>\n<p dir=\"ltr\">\u201c<em>The TD Sequential now presents a buy signal within this time frame around the 100-EMA, anticipating another rebound. However, you must pay attention to a 4-hour candlestick close above the $0.396 resistance or below the 100-EMA to confirm the direction of #ADA trend<\/em>.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a> | Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a> while the $0.396 level acts as a stiff resistance. <\/p>\n<p>The TD Sequential now presents a buy signal within this time frame around the 100-EMA, anticipating another rebound. However, you must pay\u2026 <a href=\"https:\/\/t.co\/bi4Lzg4rUr\">pic.twitter.com\/bi4Lzg4rUr<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1729187783028219939?ref_src=twsrc%5Etfw\">November 27, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">It\u2019s notable that despite Cardano price being marginally in the red on the day and this past seven days (roughly 1.4% and 2% respectively), the overall outlook is that ADA remains in an uptrend. Other than the technical perspective, a number of on-chain metrics support an upside continuation.<\/p>\n<p dir=\"ltr\">Cardano\u2019s Net Realized Profit\/Loss (NPL) and Market Value to Realized Value (MVRV) ratio have recently flashed green, with the outlook helped by bullish developments in the cryptocurrency\u2019s decentralisation.<\/p>\n<p dir=\"ltr\">The blockchain network also recently launched an AI chatbot and EMURGO just announced a partnership with the Institute of Blockchain as part of the project\u2019s Web3 education and expansion.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/cardano-ada-price-near-key-support-as-analyst-points-to-buy-signal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline.\u00a0 An analyst says the 4-hour chart shows a potential buy signal for ADA. A rebound for Cardano could also be helped by a flip in on-chain metrics. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24747"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24747"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24748"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}