Key HighlightsADA price is slowly rising higher and is currently trading above the $0.2100 support against the US Dollar (tethered), but faced sellers near $0.2230. There is a key connecting bullish trend line forming with support at $0.2150 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may continue to rise and it could break the $0.2350 resistance for a test of $0.2500. Cardano price is trading above key supports against the US Dollar and Bitcoin. ADA/USD could rise in the short term towards the $0.2500 level. Cardano Price SupportThere was a nice support base forming above the $0.1800 level ADA price against the US Dollar. The price traded higher and broke the $0.2000 and $0.2100 resistance levels. It even traded above $0.2300 and formed a high near $0.2324. Later, it corrected lower and moved below the 23.6% Fib retracement level of the last wave from the $0.1893 low to $0.2324 high. However, the downside move was protected by the $0.2100 support and the 100 hourly simple moving average. Moreover, the 50% Fib retracement level of the last wave from the $0.1893 low to $0.2324 high acted as a support. At the moment, the price is trading higher back towards $0.2324 high. It seems like it could break the $0.2350 resistance and trade towards $0.2500. Above $0.2500, the price may even trade towards the $0.2800 level. On the downside, there is a key connecting bullish trend line forming with support at $0.2150 on the hourly chart of the ADA/USD pair. The pair remains well above the $0.2100 level and the 100 hourly SMA. If it fails to remain above the $0.2100 level, there is a risk of a downside push back towards $0.1800. Hourly MACD – The MACD for ADA/USD is slowly gaining pace in the bullish zone. Hourly RSI – The RSI for ADA/USD is currently well above the 50 level. Major Support Level – $0.2100Major Resistance Level – $0.2350 Charts courtesy – Trading View Cardano Price Technical Analysis – ADA/USD Could Test $0.25 was last modified: March 14th, 2018 by Aayush Jindal