The Cardano price prediction may miss in the short term, but if the price rises, the coin should soon face moderate volatility in the market.
Cardano prediction statistical data:
- Cardano price now – $0.53
- Cardano market capitalization – $17.9 billion
- Cardano circulating supply – 33.7 billion
- Cardano total supply – 34.2 billion
- Cardano Coinmarketcap Ranking – #7
Resistance levels: $0.70, $0.75, $0.80
Support Levels: $0.35, $0.30, $0.25
ADA/USD is currently trading around the $0.53 level above the 9-day and 21-day moving averages. In the descending channel range, the closest support lies at $0.50, with nearby resistance at $0.54. Meanwhile, if the market is rising, additional resistance can be found above the upper boundary of the channel.
Cardano Price Prediction: Cardano Price May Turn Bullish
Looking at the daily chart, it is obvious that the Gimbal Price may follow uptrends once the coin breaks above 0.55, and this is noticeable for the Relative Strength Index (14) technical indicator as the signal line may cross the 60 level.
Currently, ADA/USD is trading at $0.53 above the 9-day and 21-day moving averages, but any bearish moves below the $0.50 support could lead to a serious downtrend. the decline. However, the support levels of the coin could be located at $0.35, $0.30 and $0.25 while the resistance levels are located at $0.70, $0.75 and 0 respectively, $80.
ADA/BTC market: the price could consolidate on the rise
Once again Bitcoin, Cardano price should face the upper boundary of the channel. Meanwhile, the support level for this coin is built around 2100 SAT while the resistance is set at 2500 SAT as the market price is moving above the 9-day and 21-day moving averages. Technically, the price may continue heading north as the Relative Strength Index (14) technical indicator moves above the 40 level.
However, if Cardano price breaks below the lower channel boundary, ADA/BTC can likely reach the support level of 1800 SAT and below. Moreover, any bullish movement above the moving averages may allow the market to form a new uptrend, and this could reach the potential resistance at 2700 SAT and above.
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