Cardano price is in the $0.47 and $0.41 levels, OKX Tamadoge (TAMA) lists.

Cardano remains under the control of vendors

ADA Price Analysis – September 27

If the sellers exert more pressure, the daily candle may close below $0.41, while Cardano may decline to the $0.38 and $0.34 levels. If the buyers cut off the sellers, the bulls push the price to break $0.47, the next resistance levels can be found at the $0.50 and $0.54 levels.

ADA / US dollar market

Key steps:

Resistance levels: $0.47, $0.50, $0.54

Support levels: $0.41, $0.38, $0.34

ADA/USD Long Term Trend: Bearish

Cardano is bullish on the daily chart. The crypto is trading in a down channel created in the Cardano market. This pattern indicates that the coin is in an upside trend. The crypto It found support at the $0.41 level on August 26. crypto went up and started a bullish move. The previous resistance level of $0.47 was broken upside down and the $0.50 resistance level was tested. Sellers broke the bullish movement by forming a strong daily bearish candle. The price is currently in the $0.47 and $0.41 levels.

Cardano is trading near the two dynamic support levels at the 9-period EMA and the 21-period EMA, indicating bearish momentum. If the sellers exert more pressure, the daily candle may close below $0.41, while Cardano may decline to the $0.38 and $0.34 levels. If the buyers cut off the sellers, the bulls’ pressure to break the price of $0.47, the next resistance levels can be found at the $0.50 and $0.54 levels. The relative strength indicator of the technical indicator shows a bullish signal with the signal line pointing upwards at 48 levels.

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ADA/USD medium-term trend: Bearish, OKX Tamadoge (TAMA) charts

Cardano is bullish on the 4-hour chart. Last week, the crypto was in the levels of $0.47 and $0.41. The coin breaks out of the upper trend line of the descending channel formed in the 4-hour chart. The crypto is slowly heading towards the $0.47 resistance level. Strong buyer pressure on the 4-hour chart could push the price above the $0.47 support level.

The 9-period EMA is below the 21-period EMA to indicate that bears dominate the Cardano market. The relative strength index period 14 points to 58 levels and shows a buy signal.

Stay tuned to the crypto news feed here on InsideBitcoins for more updates on Tamadoge’s first exchange listing as the September 27th listing date approaches. The OKX website announced that the TAMA withdrawal will be open at 13:00 UTC on the listing day.

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