Cardano / Dollar may rise to 0.3437 - 0.3480

Our pivot point stands at 0.3279.

Our preference

As long as 0.3279 is support look for 0.3480.

Alternative scenario

Below 0.3279, expect 0.3206 and 0.3163.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (0.3340) but above its 50 period moving average (0.3313).

Supports and resistances

0.3567 **

0.3523 *

0.3480 **

0.3437

0.3338 last

0.3307

0.3279 **

0.3206 *

0.3163 **

Number of asterisks represents the strength of support and resistance levels.