Skip to content
Real Cryptocurrency Hub

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
    • العربية
  • News
    • Mining
    • Bitcoin (BTC)
    • ATM
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • ✉ Contact
  • Home
  • Crypto News
  • Cardano (ADA) Price May Rise to $1.10 or Sink to $0.47, Price Analysis
  • Cardano (ADA)
  • Crypto News
  • Price Analysis

Cardano (ADA) Price May Rise to $1.10 or Sink to $0.47, Price Analysis

Blaine Matta March 16, 2022 2 min read

It’s been a while since the Cardano (ADA) bulls have been working really hard to push its price over the $1 mark. Although the bulls put in a lot of effort, they were not able to show their true potential against the bears.

In mid-February, the price of Cardano did grow over the $1.00 per ADA mark but the bears soon took the control back. At first, the bears increased their selling pressure over the bulls and managed to pull the price of Cardano below the 50-day EMA ($0.97).

Once the price of Cardano was below the 50-day EMA, the bears went for another selling spree to pull Cardano’s value lower. They managed to pull the price of Cardano lower to the 20-day SMA ($0.85).

From there, the bulls started buying the dip and succeeded in keeping the price of Cardano over the 20-day SMA. Unfortunately, the bears kept building their selling pressure, which resulted in pushing the price of Cardano below the 20-day SMA.

Current Market Situation of Cardano

At the moment, the trading price of the ADA/USDT pair is worth $0.79. The past 7-day performance recorded for Cardano shows it has plummeted by 2.00%, while its value has dipped by 0.87% in the past 24-hours.

The bears are constantly increasing their pressure over the bulls and as more bulls keep backing off, the price of Cardano may move lower.

At present, the overall mark consensus show that the investors are favoring the downward trend. There is currently a strong indication towards selling Cardano while a few indicators are pointing towards buying.

Even the RSI for Cardano is below 40, which is suggesting that the trend may remain negative and the price of Cardano may continue dipping.

Price Predictions for Cardano

The positive sentiments surrounding Cardano suggest that the bulls may attempt to put more buying efforts into Cardano. With their attempt, they may try and push the price of Cardano over the 20-day SMA ($0.85 per ADA).

If the bulls succeed, they may gain the courage to push the price of Cardano up to the high resistance marks. The first mark they may attempt to hit would be $0.91 per ADA, and their second attempt would be to hit $0.95.

If things go well and the bulls are able to keep the rally going, bringing more investors in for high support, then Cardano may rise to $1.10.

The negative approach towards Cardano suggests that the bears may continue with their selling spree to bring Cardano below $0.71 per ADA.

If the bears keep up with their selling spree, the value of Cardano may plummet to $0.59 per ADA. If the bears show more aggression, and more investors start flushing out ADA, then it may dip to $0.47 per ADA.

Post Views: 344

Continue Reading

Previous: Skybridge Capital Founder Believes Bitcoin will be Legal Tender in Latin American Nations
Next: Price Analysis of Ubex (UBEX), AmazingDoge (ADOGE), and Popsicle Finance (ICE)

Related Stories

Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)

Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

August 5, 2022
Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto News

Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

August 4, 2022
Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions
2 min read
  • Crypto News

Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions

August 3, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$24,045.00
-1.42%
ethereum
Ethereum (ETH)
$1,897.78
-0.40%
tether
Tether (USDT)
$1.00
-0.04%
usd-coin
USD Coin (USDC)
$1.00
0.00%
binancecoin
BNB (BNB)
$322.83
-1.42%
ripple
XRP (XRP)
$0.373571
-1.95%
cardano
Cardano (ADA)
$0.53
-1.61%
polkadot
Polkadot (DOT)
$9.36
0.16%
dogecoin
Dogecoin (DOGE)
$0.071257
-1.15%
Uniswap
Uniswap (UNI)
$9.06
-2.61%

Recent Posts

  • Alfabtc Review – A Recommended Cryptocurrency Broker

    Alfabtc Review – A Recommended Cryptocurrency Broker

     Alfabtc Review Alfabtc is a competent brokerage firm known for its fast and efficient execution of trade. The
  • Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

    Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

    On Thursday, Hotbit made a concerning announcement for the entire customer base. The cryptocurrency exchange notified the users
  • Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

    Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

    Argo Blockchain has been selling Bitcoin (BTC) that belongs to the blockchain’s holdings. The reason behind selling Bitcoin
  • Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions

    Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions

    Hodlnaut has announced that it has frozen its services for the users. The firm made an official announcement
  • Following a Strong Trend, Lido DAO is All Set to Record a Downward Movement

    Following a Strong Trend, Lido DAO is All Set to Record a Downward Movement

    Lido DAO (LDO) has proven to be one of the top performers in the cryptocurrency industry in the

Start Trading

Categories

Top Posts

  • Bitcoin Tries Hard to cling to $20k as Its Future is Expected to be Bumpy

    Bitcoin Tries Hard to cling to $20k as Its Future is Expected to be Bumpy

    Just when the price of Bitcoin (BTC) elevated a bit, many investors thought it was growing for good.
  • $4.2 Billion Worth of Crypto-Assets Just Got Seized By the Chinese Police in Response to a Plus Token Ponzi Scheme

    $4.2 Billion Worth of Crypto-Assets Just Got Seized By the Chinese Police in Response to a Plus Token Ponzi Scheme

    One of the biggest Ponzi schemes to have been pulled off by crypto-hackers in history might be the
  • Less Than 2% of the World has Exposure to Bitcoin, Says Willy Woo

    Less Than 2% of the World has Exposure to Bitcoin, Says Willy Woo

    After a sudden adoption since the beginning of 2020, there is a little portion of the world that
  • Guggenheim Investments’ Fundamental Analysis Reveals Bitcoin To Be Worth Around $400K

    Guggenheim Investments’ Fundamental Analysis Reveals Bitcoin To Be Worth Around $400K

    Fundamental Analysis conducted by Guggenheim Investments suggests that Bitcoin’s value would be about US$ 400 K. Regrets its
  • What is 0x? Everything You Need to Know

    What is 0x? Everything You Need to Know

    Having trouble understanding what is 0x and how does it work? You have landed in the right place.

Archives

You may have missed

Alfabtc Review – A Recommended Cryptocurrency Broker
3 min read
  • Brokers
  • Reviews

Alfabtc Review – A Recommended Cryptocurrency Broker

August 10, 2022
Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe
2 min read
  • Crypto News
  • DeFi (Decentralized Finance)

Hotbit Explains Why It Suspended Services For Clients Without Providing Resumption Timeframe

August 5, 2022
Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto News

Argo Blockchain Has Been Paying Debt To Galaxy Digital By Cashing Out BTC

August 4, 2022
Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions
2 min read
  • Crypto News

Withdrawals Have Been Frozen By Hodlnaut Citing Market Conditions

August 3, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • CTmatador
  • DXCBIT
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Virtual Payout
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • ArgoTrade
  • Global Solution
  • CTProz
  • Alfabtc
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$24,045.00-1.42%
  • ethereumEthereum(ETH)$1,897.78-0.40%
  • tetherTether(USDT)$1.00-0.04%
  • usd-coinUSD Coin(USDC)$1.000.00%
  • binancecoinBNB(BNB)$322.83-1.42%
  • rippleXRP(XRP)$0.373571-1.95%
  • cardanoCardano(ADA)$0.53-1.61%
  • SolanaSolana(SOL)$43.16-1.96%
  • polkadotPolkadot(DOT)$9.360.16%
  • dogecoinDogecoin(DOGE)$0.071257-1.15%
  • UniswapUniswap(UNI)$9.06-2.61%
  • bitcoin-cashBitcoin Cash(BCH)$140.76-2.97%