Logo
Cardano Ecosystem

BitcoinEthereumNews

10/07/2021

·

740 views


Cardano Price Enters Crucial Phase! Here’s When ADA Price can Blast Out of Consolidation!

The post Cardano Price Enters Crucial Phase! Here’s When ADA Price can Blast Out of Consolidation! appeared on BitcoinEthereumNews.com. The overall crypto market showed mixed signals over the last 24 hours. The flagship currency, Bitcoin has managed to surge...

Cardano Price Enters Crucial Phase! Here’s When ADA Price can Blast Out of Consolidation!

The overall crypto market showed mixed signals over the last 24 hours. The flagship currency, Bitcoin has managed to surge above $54K, while Ethereum was up by 2.98%. Cardano price is still a sleeping giant with no major fluctuations. Meanwhile, Shiba Inu Price continues to be the best performer, with a gain of more than 70%.

When Will Cardano Price Bounce Back ?

With mild volatility over the last 24 hours, ADA prices traded in a range of $2.17 – $2.26.Trading volume has hit $2.19 billion, while the total market cap trades around $69.8 billion, ranking 4th place.

After consolidating sideways for the past 24 hours, cardano price showed signs of attempting to push the price higher. As per the chart, the bull market remains intact until Cardano price stays above $2.05. In case if the altcoin clears the trend resistance at $2.4, the rally should extend towards $2.56. In the event, if ADA/USD clears $2.51 we can expect a massive upswing hitting new ATH.

A bullish breakout will be confirmed if the ADA/USDT successfully moves above the descending trendline. In this case, the altcoin price will test the $2.50 resistance level with a 15% surge. 

On the contrary, if Cardano’s price loses trend support at $2.05, the next stop is at $1.88. Furthermore, a deeper selloff could target the $1.66 level.

However, traders need to watch the resistance levels at $2.38 and $2.57 and Support levels at $2.00 and $1.92. Overall, We expect ADA/USD to push higher and return above the $2.5 closest resistance by mid-october.

Source: https://coinpedia.org/price-analysis/when-ada-price-can-blast-out-of-consolidation/


YouTube video

Post navigation

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

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 BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.7K views

Related News

See more
Voting for Us - Catalyst Fund 14

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)