cryptoworld

07/20 09:52

Cardano Clears the Way, Eyes Fresh Highs Cardano

Cardano Clears the Way, Eyes Fresh Highs

Cardano is flashing bullish signals after the massive 17% rally this week, with the token trading at $0.8223. It has now broken above the primary longer-term averages, including the 20, 50, 100, and 200-week EMAs, with the 20-week average trading at $0.698. This kind of breakout usually records a shift in trend and suggests strong momentum in store.

The RSI is at 56.22, reflecting a good uptrend that is not overbought yet. The MACD reflects the same with a bullish crossover. The MACD is at 0.00361, and the signal line is trailing at -0.01015. The volume has also crossed beyond 42 million, again aiding the breakout

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