The Cardano (ADA) price prediction upsurge astounds the intraday traders as the coin indicates a bit of the immediate resistance level.
Cardano Prediction Statistics Data:
- Cardano price now – $0.46
- Cardano market cap – $15.7 billion
- Cardano circulating supply – 33.7 billion
- Cardano total supply – 34.2 billion
- Cardano Coinmarketcap ranking – #8
Resistance levels: $0.65, $0.70, $0.75
Support levels: $0.30, $0.25, $0.20
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ADA/USD is moving sideways as the coin could rise towards $0.50. Following the recent price drop, Cardano is currently trading below the 9-day and 21-day moving averages. However, a break above the moving averages may produce a huge green candle to the upside, and this may cause the Cardano to reach the resistance levels at $0.65, $0.70, and $0.75.
ADA Price May Jump to the North as Tamadoge (TAMA) Goes Bullishly
The Cardano price seems to follow the same direction; it has been showing an uneven movement with several rises and falls. ADA/USD has not been able to maintain a consistent bullish run as the Relative Strength Index (14) moves around the 40-level, a precise bullish cross might reveal more buy signals for the market, and it may continue to show signs of an upward movement in the market soon.
On the contrary, a bearish step back is likely to roll the market back towards the lower boundary of the channel with a possible break down to the support levels of $0.30, $0.25, and $0.20 which could establish a new low for the market. More so, the trading volume is rising slowly as this is giving a sign of an upcoming big move.
Against Bitcoin, the ADA bears are showing a slight commitment to bringing the market price back below the lower boundary of the channel. Following the recent negative sign, the Cardano price may either move sideways or go down if the sellers put more pressure on the market.
However, as the Relative Strength Index (14) is moving above the 40-level, should the buyers hold the current price of 2146 SAT, the Cardano price may begin the upward movement and possibly cross the 9-day and 21-day moving averages to touch the resistance level of 2500 SAT and above but sliding below the channel could lower the price to the support level of 1800 SAT and below.
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