Logo
Cardano Ecosystem

Investingcube

08/29/2022

·

1K views


Cardano Price Prediction: Where Are The ADA Bulls?

Not much has changed since our last Cardano price prediction. ADA price is still trading inside the same range as mentioned in our last update. The price appears to be range-bound between the $0.42-0.54 range. ADA attempted a breakout...

Cardano Price Prediction: Where Are The ADA Bulls?

Not much has changed since our last Cardano price prediction. ADA price is still trading inside the same range as mentioned in our last update. The price appears to be range-bound between the $0.42-0.54 range. ADA attempted a breakout last week but failed. After a rejection, the price is retesting the range lows once again.

Due to the ongoing Bitcoin slump, crypto markets are in a downtrend once again. The rejection of BTC and ETH from critical levels has shaken investor confidence. The hawkish statements by Jerome Powell have further intensified the bearish sentiment.

Currently, Cardano price is trading at $0.44. The native asset of the smart contract platform is 4.5% up within the past 24 hrs. ADA has immensely underperformed as compared to the other Layer 1 blockchains. The price of Ethereum’s native asset has almost doubled within the past 2 months. You can invest in Cardano by signing up on Binance within a few minutes.

According to Cardano news, Cardano Summit 2022 has been confirmed. The biggest event of the smart contract platform will take place from 19th-21st November in Lausanne, Switzerland. The 3-day event would feature 50+ community-led events around the world while also ensuring virtual attendance via live stream.

Cardano Price Prediction

Technical analysis of the ADA USD price chart depicts a bearish accumulation in progress. The prolonged sideways price action and the lack of any major news have bored investors. Consequently, many long-term proponents of the projects seem to be having second thoughts. Most traders are awaiting a breakout in some direction before opening any position.

Our Cardano price prediction would become extremely bearish in case of a daily closure below the $0.42 level. On the other hand, a reclaim of the range highs, i.e. $0.54, might result in a massive upwards push. If you intend to play this setup, then a stop loss must be placed to avoid a fakeout.

Cardano Daily Chart

Technical analysis of Cardano price chart 1D.Cardano Price Chart 1D
AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on Investingcube

ORIGINAL SOURCE

https://www.investingcube.com/cardano-pr...

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.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Investingcube

See more
Cardano Price Downside Extends As Ethereum Upsurge Adds Pressure
Investingcube
Cardano Price Downside Extends As Ethereum Upsurge Adds Pressure

06/03/2025

·

39 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)