Logo
Cardano Ecosystem

CryptoTicker

03/08/2023

·

116 views


Cardano Price Crash BUT Prices should retrace higher?

Posted On March 8, 2023 11:28 pm 0 The crypto market is still retracing lower. However, prices have reached a strong support. This is especially true for Cardano, as its prices retraced back...

Cardano Price Crash BUT Prices should retrace higher?

Posted On March 8, 2023 11:28 pm 0


Trade Cryptos

The crypto market is still retracing lower. However, prices have reached a strong support. This is especially true for Cardano, as its prices retraced back towards the support area delimited by $0.30 and $0.32. What’s next for Cardano? Will Cardano price crash to 20 cents? Let’s analyze in this Cardano price prediction article.

Cardano Price Analysis: Why is Cardano DOWN?

Cardano started a strong uptrend in 2023, as prices rose from a low of $0.24 and reached a high of $0.40. Prices adjusted lower, then tried to breach the $0.40 price mark but failed to do so. In turn, ADA crashed back towards the first target of $0.36, then later to the $0.33 price mark as predicted in a previous article.

Fig.1 ADA/USD 12-hours chart – GoCharting

exchange comparison

Cardano Price Prediction: Will Cardano CRASH?

Now that Cardano is sitting at a strong support, it is mostly probable that ADA price retraces higher, provided that the entire crypto market is doing to the same. If this happens, ADA should go back towards $0.35 as part of a 38% Fib retracement.

Fig.2 ADA/USD 12-hours chart – GoCharting

Another scenario however, could lead to Cardano crashing lower than $0.30. If the entire crypto market continues to bleed, Cardano should also follow this path, breaking lower than the psychological price of 30 cents.


CryptoTicker Podcast

Every Wednesday going forward, you can tune in to the Podcast on Spotify , Apple and YouTube. The episodes are perfectly tailored for a duration of 20-30 minutes to quickly and effectively familiarize you with new topics in a fun setting on the go.

Subscribe & never miss an Episode

­­­­­Spotify– ­­Amazon – ­­Apple – ­­YouTube

Recommended posts



You might also like


More from Altcoin

Best Crypto Trading and Charting Software 2023

In this article, we will explore the best cryptocurrency trading and charting software in 2023, their pros and cons, and …

Shiba Inu Traded Volume SOARS! 1$ SHIB Price Possible?

In this article, we take a closer look at what Shiba Inu coin is, how to mint it, where to …

Best Crypto Tax Software 2023

Are you using Cryptocurrencies for trading purposes and worried about paying taxes on your profits? Check out the Best Crypto …



AD

NotifyLog.com - One stop tool for events tracking and analytics

NotifyLog is a powerful tool for events tracking and analytics. It helps you to track events from your website, mobile app, and server.CREATE YOUR FREE ACCOUNT NOW!


Read Original Article on CryptoTicker

ORIGINAL SOURCE

https://cryptoticker.io/en/cardano-price...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from CryptoTicker

See more
Can Cardano reach 1$ in the next 3 months?
CryptoTicker
Can Cardano reach 1$ in the next 3 months?

05/20/2023

·

23 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)