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AZCoinnews

03/10/2023

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AI Predicted Cardano (ADA) Price At The End Of March 2023

By March 31, 2023, the Cardano (ADA) price has been predicted by machine learning-based algorithms to be $0.3022 on the cryptocurrency price tracking and forecasting platform PricePredictions. Cardano...

AI Predicted Cardano (ADA) Price At The End Of March 2023

By March 31, 2023, the Cardano (ADA) price has been predicted by machine learning-based algorithms to be $0.3022 on the cryptocurrency price tracking and forecasting platform PricePredictions.

ai-predicted-cardano-ada-price-at-the-end-of-march-2023

Cardano 30-day price projection | Source: PricePredictions

The oscillators at 8 are in the “neutral” zone, and the moving averages (MAs) at 14 are pointing to a sell at a “strong sell.” Hence, the sentiment on the one-day gauges over at TradingView is generally bearish for Cardano and implies a “strong sell” at 16.

ai-predicted-cardano-ada-price-at-the-end-of-march-2023[2]

Cardano one-day sentiment gauges | Source: TradingView

Cardano, meanwhile, was trading at $0.312 at the time of publication, down 1.37% on the day and 8.28% over the previous week, bringing its 30-day total of losses to 17.64%, according to the charts.

ai-predicted-cardano-ada-price-at-the-end-of-march-2023

ADA/USD 4-hour chart | Source: TradingView

Currently, the algorithm’s predictions are below Cardano’s support level of $0.3069, and its likelihood of turning the tide and moving toward the resistance level at $0.35 will depend on the crypto and macroeconomic sentiment as well as network growth, such as non NFTs, which founder Charles Hoskinson recently praised as its “most vibrant part.”

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