ADA Set To Explode Above $0.3? 3 Things To Watch Now!

• Cardano is forming an ascending triangle, indicating a possible breakout above the resistance at $0.30 soon.
• The 3-day MACD of Cardano shows a bullish crossover may happen this week.
• The buyers seem as if they are about to make a third attempt at moving the price higher.

Will ADA Explode Above $0.3 This Week?

Cardano (ADA) looks like it’s about to make a significant move soon as it forms an ascending triangle, indicating a possible breakout above the resistance at $0.30 soon. With the 3-day MACD of Cardano showing a bullish crossover, and buyers seemingly making another attempt to push prices higher; could this be the break out that ADA needs?

Key Support and Resistance Levels

The key support levels for ADA are currently set around $0.26 and $0.24 while key resistances are around $0.30 and $0.32 respectively.

Ascending Triangle

The price action of this cryptocurrency has formed a clear ascending triangle, with the apex compressing the price action and forcing it to decide on its way forward soon enough. If ADA breaks out from this formation, then we could see prices surge past $0.30 in no time!

MACD Bullish Crossover

The 3-day MACD of Cardano shows that a bullish crossover may happen this week; adding to the likelihood of breaking out past the key resistance level of $0.30 with more force than before! On top of that, on daily timeframes, the MACD is already positive which gives bulls even more confidence!

Resistance Under Pressure

The resistance at 0$.3 has kept ADA from reaching higher heights in June but July seems like its finally going to be different as buyers seem determined to break through it once and for all! Every time this key resistance is tested by bulls, there is an increased likelihood of them breaking through it successfully eventually – could this be their breakthrough moment?