The Cardano price prediction may lack short-term, but if ADA rises, it is likely to create more gains for the channel.
Cardano Prediction Statistics Data:
Cardano price now – $0.44
Cardano market cap – $15.2 billion
Cardano circulating supply – 34.1 billion
Cardano total supply – 34.8 billion
Cardano Coinmarketcap ranking – #8
Resistance levels: $0.60, $0.65, $0.70
Support levels: $0.35, $0.30, $0.25
Your capital is at risk
ADA/USD is currently trading around the $0.44 level below the 9-day and 21-day moving averages. In the range of the descending channel, the closest support is located at $0.40, with a close resistance at $0.50. Meanwhile, if the bullish pressure increases, additional resistance can be found above the 9-day and 21-day moving averages.
Cardano Ready to Push the Upside as Tamadoge Remains Attractive
According to the daily chart, the Cardano price may create more bullish trends once the coin heads toward the upper boundary of the channel, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line keeps moving above the 40-level. Since a few days ago, Cardano (ADA) has been moving in the same direction as the market ranges.
At the moment, the market is trading at $0.44 after touching the daily high at $0.46 resistance, but any bearish movement below the lower boundary of the channel could lead the coin to a serious downtrend. However, the support levels could be located at $0.35, $0.30, and $0.25, while the resistance levels lie at $0.60, $0.65, and $0.70 respectively.
Against Bitcoin, the Cardano price is sliding below the 9-day and 21-day moving averages after touching the daily high at 2447 SAT today. However, the support level of this range is built around 2300 SAT. The resistance is set at 2250 SAT because the market price is still changing below the moving averages. Technically, the price may likely follow the bearish movement as the technical indicator Relative Strength Index (14) slides below the 50-level.
ADABTC – Daily Chart
Meanwhile, if the Cardano price heads toward the lower boundary of the channel, ADA/BTC may hit the support level of 2200 SAT and below. On the contrary, any bullish movement towards the upper boundary of the channel may locate the potential resistance at 2500 SAT and above.
Tamadoge, an ERC-20 token, will also have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at $0.03. As the Tamadoge presale sold out earlier than expected, the team is reportedly moving forward with all TAMA crypto exchange listings to take place in the coming days.
Tamadoge – Play to Earn Meme Coin
Capped Supply of 2 Bn, Token Burn
Presale Raised $19 Million in Two Months
Upcoming ICO on LBank, Uniswap