{"id":6035,"date":"2022-01-26T19:49:30","date_gmt":"2022-01-26T19:49:30","guid":{"rendered":"http:\/\/egrowonline.com\/?p=6035"},"modified":"2022-01-26T19:49:30","modified_gmt":"2022-01-26T19:49:30","slug":"cardano-bulls-maintain-support-ada-readies-for-return-to-1-25","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=6035","title":{"rendered":"Cardano bulls maintain support, ADA readies for return to $1.25"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Cardano price maintains support in the $1 value area.<\/strong><\/li>\n<li><strong>Ichimoku gaps show a return to $1.25 coming soon.<\/strong><\/li>\n<li><strong>Oscillator values are oversold and contribute to a bullish outlook.<\/strong><\/li>\n<\/ul>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/cardano-price-prediction-ada-bound-for-another-30-crash-202201241321\" rel=\"noopener\">Cardano price<\/a> is struggling performance-wise when compared to its peers. As a result, Bitcoin, Ethereum, and a good chunk of the altcoin market have moved into positions that precede a bullish reversal. Cardano, however, has yet to display that kind of price action \u2013 but it may very soon.<\/p>\n<h2 class=\"fxs_headline_medium\">Cardano price readies for a test of $1.25<\/h2>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/cardano-price-sealed-in-downtrend-as-ada-buyers-are-nowhere-to-be-found-202201220405\" rel=\"noopener\">Cardano price<\/a> has experienced some significant whipsaws over the past few weeks. It gained nearly 46% from January 10 at $1.12 to January 18 at $1.60. Then, from the January 18 high, ADA collapsed 44% to the January 22 low at $0.91. But buyers have been resilient with their support of the $1 value area, preventing any daily close below the $1 level.<\/p>\n<p>Attempts to push Cardano price higher during the Wednesday session have proven fruitful. ADA was trading near the $1.05 price level just before the US Federal Reserve policy decision was announced and then pushed higher to a new three-day high just shy of $1.16. If bulls can press Cardano to a daily close at or above $1.10, then a move to test the Kijun-Sen and Tenkan-Sen at $1.25 is highly probable.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-637788221825797274.png\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-637788221825797274.png\" style=\"width: 2518;height: 1284\" \/><\/a><\/p>\n<p><small>ADA\/USD Daily Ichimoku Kinko Hyo Chart<\/small><\/p>\n<p>However, downside risks remain for<a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/sundaeswap-launch-on-cardano-suffers-failed-transactions-due-to-network-congestion-202201210905\" rel=\"noopener\"> Cardano price<\/a>. This is especially true with the volatility before and after the Fed\u2019s announcement. It is not uncommon to see wild rallies and flash-crashes immediately after the Chairman\u2019s press event \u2013 so traders and investors should remain on the defense until a directional bias has been established.<\/p>\n<p>Downside risks should be limited to the $1.00 value area despite the volatility. Any daily or weekly close below $1.00 would invalidate any further bullish outlook.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Cardano primed for relief rally towards $2.20\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/HuyAAgFVDBQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/cardano-bulls-maintain-support-ada-readies-for-return-to-125-202201261946\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price maintains support in the $1 value area. Ichimoku gaps show a return to $1.25 coming soon. Oscillator values are oversold and contribute to a bullish outlook. Cardano price is struggling performance-wise when compared to its peers. As a result, Bitcoin, Ethereum, and a good chunk of the altcoin market have moved into positions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[340,211,266,4228,3307,401,216],"class_list":["post-6035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-bulls","tag-cardano","tag-maintain","tag-readies","tag-return","tag-support"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/cardano_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6035"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6035\/revisions"}],"predecessor-version":[{"id":6036,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/6035\/revisions\/6036"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/716"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6035"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}