Cardano Price Prediction: A plan is outlined by Hoskinson to ensure dApp security in Cardano

• Cardano price prediction to consolidate between 1.64- 1.71$ range
• ADA line of control lies below 1.53$ zone, looking bearish for many investors
• A plan is outlined by Hoskinson to ensure dApp security in Cardano

Cardano’s hard fork Alonzo brought forth a host of new functionalities, especially after the smart contract integration.For the most part, the community has been enthusiastic about the updates, however there has been a slew of criticism regarding the ‘delay’ in release dates.

However, Cardano founder Charles Hoskinson recently presented a framework for how the community can manage expectations regarding the development and security of these dApps.

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Lets dip dive into technical analysis of ADA

Technical Analysis of ADA: Bullish sentiment in 4hour ADA/USDT Binance pair (platform using Tradingview.com)

According to Oscillators

ADA has a neutral sentiment when examined in 4hour chart [Pair ADA/USDT Binance] and moving average gives indicator about sell.

Technical Analysis : Cardano Price Forecast using 4EMAs (10,20,50,200) and RSI (Relative Strength index)

Resistance and Support Levels for Day Trading ADA USDT [ADA Price Forecast]

Calculation For Trading:

Resistance Level (R3): 1.7450

Resistance Level (R2): 1.7143

Resistance Level (R1): 1.6471

Support Level (S1): 1.5325

Support Level (S2): 1.5068

Support Level (S3): 1.4723

Cardano (ADA/USD) Price Prediction : FAQ

What will be the lowest price of Cardano (ADA) in future?	Upto $7.01 USD
What will be the highest price of Cardano (ADA) in future?	Upto $8.66 USD
Will Cardano (ADA) price increase in future?	Yes, Cardano (ADA) price will increase according to our predicted data in future.
Investment in Cardano (ADA) is profitable or loss-making?	Yes, Cardano (ADA) is profitable investment based on our forecasting.
Whether the price of Cardano (ADA) will be downward in future?	No, Cardano (ADA) price will not be downward based on our estimated prediction.
In 1 year from now what will 1 Cardano be worth?	The price of 1 Cardano (ADA) can roughly be upto $3.44 USD in 1 years time a 2X nearly from the current Cardano price.
Where do I buy Cardano?	There are many places to buy and exchange Cardano we list them all here.
What will the Cardano Price be tomorrow?	Our algorithm predicts that the Cardano Price can be upto $1.63 USD by tomorrow.
What will be the price of Cardano (ADA) after 1 year?	Upto $3.44 USD
What will be the price of Cardano (ADA) after 2 years?	Upto $3.13 USD
What will be the price of Cardano (ADA) after 3 years?	Upto $3.88 USD
What will be the price of Cardano (ADA) after 4 years?	Upto $4.48 USD
What will be the price of Cardano (ADA) after 5 years?	Upto $5.86 USD
What will be the price of Cardano (ADA) after 6 years?	Upto $6.79 USD
What will be the price of Cardano (ADA) after 7 years?	Upto $7.4 USD

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Cardano was launched in 2017, following Bitcoin and Ethereum, which were first- and second-generation blockchains, respectively. Cardano competes directly with Ethereum, saying that its decentralized application platform is more secure than Ethereum.

Currently, Cardano (ADA) price is $ 1.5630 with a market capitalization of $ 52,203,667,058.