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Cardano / Dollar intraday: as long as 0.7499 is support look for 0.8088

Trading Central 2025-05-09 14:54:05

The price could retrace.

0.7499 is our pivot point.

Our preference: as long as 0.7499 is support look for 0.8088.

Alternative scenario: below 0.7499, expect 0.7284 and 0.7156.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.7629 and 0.7400).

Supports and resistances:

0.8346 **

0.8217 *

0.8088 **

0.7959

0.7702 last

0.7584

0.7499 **