Today Crypto Entry Levels – ADA, ETH, and HBAR
Here are some vital support and resistance levels ahead for Ethereum, Hedera Hashgraph, and Cardano.
- Cardano (ADA-USD)
At the moment, ADA’s Chikou Span trades consistently over the candlesticks. Keep in mind that on Thursday, the candlestick’s initial price change indicated a bearish move. However, bulls acted to rally ADA higher for bullish momentum. Friday’s price movements indicate a high that is against the Fib Retracement level 88.6. With that, ADA could trade at around 1.76 to 1.89 in the next three days before hitting the strong bar at 2.0445 high.
In the near term, Cardano’s primary support levels lie between 0.84 and 0.94. That is a crucial area, tested massively since March. Moreover, the value area is in a perfect position, to match ADA’s average retracement level that the coins experiences with massive highs. The next vital level that is worth using is near 1.25.
- Ethereum (ETH-USD)
Ethereum has been climbing slowly over the past days, approaching two vital resistance levels. The two levels include the 2930.47 prior swings and 3053.65 Kijun-Sen.
When publishing this content, ETH received rejection at the 2930.47 level. That shows possibilities of twofold top forming. Moreover, the RSI remains near the 55 first overbought area. That is a vital resistance area before any move could continue.
- Hedera Hashgraph (HBAR-USD)
At the moment, the Hedera market has a near-term bearish appearance. Market analysts expect the asset to experience fluctuations despite broader sell-offs. Although the probability for the divergent move is not that high, there are chances for changes. Keep in mind that HBAR has witnessed a downtrend consolidation since 15th March this year. Composite Index and RSI have fluctuated into the neutral zone. On the other hand, the Ichimoku system has all its components in the same value zone. That what squeeze in the crypto market is all about.
Hedera is a lesser-known cryptocurrency with a very light volume. Some traders know how to utilize such conditions for lucrative trading opportunities. The low trading volume can translate to an explosive outlook soon. However, keep in mind that the crypto market is unpredictable.