Logo
Cardano Ecosystem

InsideBitcoins

06/15/2022

·

437 views


Cardano Price Prediction for Today, June 14: ADA Price May Cross Above $0.55

The Cardano price prediction may lack short-term, but if the price rises, the coin is likely to face moderate volatility in the market soon. Cardano [...]

Cardano Price Prediction for Today, June 14: ADA Price May Cross Above $0.55

The Cardano price prediction may lack short-term, but if the price rises, the coin is likely to face moderate volatility in the market soon.

Cardano Prediction Statistics Data:

  • Cardano price now – $0.46
  • Cardano market cap – $15.8 billion
  • Cardano circulating supply – 33.7 billion
  • Cardano total supply – 34.2 billion
  • Cardano Coinmarketcap ranking – #7

ADA/USD Market

Key Levels:

Resistance levels: $0.70, $0.75, $0.80

Support levels: $0.30, $0.25, $0.20

ADA/USD is currently trading around the $0.46 level below the 9-day and 21-day moving averages. In the range of the descending channel, the closest support is located at $0.40, with a close resistance at $0.55. Meanwhile, if the market increases, additional resistance can be found above the 9-day and 21-day moving averages.

Cardano Price Prediction: Cardano Price May Go Bullish

Looking at the daily chart, it is obvious that the Cardano price may follow bullish trends once the coin crosses above the 0.52, and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line may cross above the 40-level.

Punt Crypto Casino Banner

At the moment, ADA/USD is trading at $0.46 below the 9-day and 21-day moving averages, but any bearish movement below the daily low of $0.50 could lead the coin to a serious downtrend. However, the support levels for the coin could be located at $0.30, $0.25, and $0.20, while the resistance levels lie at $0.70, $0.75, and $0.80 respectively.

ADA/BTC Market: Price May Consolidate to the Upside

Again Bitcoin, the Cardano price is like to cross and remain above the upper boundary of the channel. However, the support level of this coin is built around 2100 SAT while the resistance is set at 2300 SAT because the market price is changing below the 9-day and 21-day moving averages. Technically, the price continues to head to the north as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.

ADABTC – Daily Chart

However, if the Cardano price crosses below the moving averages, ADA/BTC may likely hit the support level of 1800 SAT and below. Moreover, any bullish movement above the moving averages may allow the market to form a new upward trend, and this could reach the potential resistance at 2500 SAT and above.

eToro - Our Recommended Cardano Platform

eToro exchange

  • Monthly Staking Rewards for Holding Cardano (ADA)
  • Free Secure ADA Wallet - Unlosable Private Key
  • Regulated by FCA, ASIC and CySEC - Millions of Users
  • Copytrade Profitable Cardano Investors
  • Buy with Credit card, Bank wire, Paypal, Skrill, Neteller, Sofort

eToro exchange

68% of retail investor accounts lose money when trading CFDs with this provider.

Read more:

AD

World’s First Multi-Token ISPO — By Genius X - Starts on 12th of September, epoch 363!

Genius X, a revolutionary launchpad and business accelerator helping Web3 startups attain speed, scale, and edge, is thrilled to announce the world’s first Multi-Token ISPO.I WANT TO KNOW MORE!


Read Original Article on InsideBitcoins

ORIGINAL SOURCE

https://insidebitcoins.com/news/cardano-...

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 InsideBitcoins

See more
Cardano Price Prediction for Today, November 30: ADA/USD Range-bounds after touching $0.319 Resistance
InsideBitcoins
Cardano Price Prediction for Today, November 30: ADA/USD Range-bounds after touching $0.319 Resistance

11/30/2022

·

22 views

Related News

See more
WingRiders Governance Token

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)
Bringing Fixed Assets (CNFT & CNT) Lending & Borrowing to CardanoWorld’s First Multi-Token ISPO — By Genius X