Cardano’s price prediction shows that ADA failed to trade above the $0.49 level as the coin heads lower.
Cardano prediction statistical data:
- Cardano price now – $0.47
- Cardano market capitalization – $16.1 billion
- Cardano circulating supply – 33.7 billion
- Total Cardano supply – 34.5 billion
- Cardano Coinmarketcap Ranking – #8
Resistance levels: $0.65, $0.70, $0.75
Support Levels: $0.35, $0.30, $0.25
ADA/USD could fall below the 9-day and 21-day moving averages after touching the daily high of $0.49, which is now subject to price action near the $0.50 resistance level. However, as the bears return to the market, the price of Cardano is likely to lose momentum down from the rising wedge.
Cardano price prediction: ADA/USD not yet ready for the North
The Gimbal Price may continue to face south as the coin moves to cross below the 9-day and 21-day moving averages. Meanwhile, a bullish crossover is needed to correct the immediate downside pressure and push the coin back on the recovery trend. If it works, the upside could gain traction with the next focus on the $0.65, $0.70, and $0.75 resistance levels.
On the downside, once the coin breaks below the moving averages, the $0.40 support is likely to be broken. Once done, selling can gain momentum with the next target at the critical support levels at $0.35, $0.30, and $0.25 respectively. Therefore, if these levels are broken and the coin breaks below the lower boundary of the channel, selling pressure may increase as the Relative Strength Index (14) technical indicator breaks below the 50 level.
ADA/BTC market: Cardano price continues to rise
Against Bitcoin, Cardano’s price is moving sideways, as revealed by the Relative Strength Index (14) technical indicator. Meanwhile, a weak swing could push the coin to the 1800 SAT support level and below. At the moment, the bears are likely to concentrate as the Relative Strength Index (14) may remain below the 50 level.
On the contrary, a rebound could occur if the buyers could defend the current level and push it above the 9-day and 21-day moving averages, which could reach the potential resistance level of 2500 SAT and above.
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