Logo
Cardano Ecosystem

BitcoinEthereumNews

08/18/2022

·

521 views


Here’s is When Cardano (ADA) Price May Rise High by 20% to Hit $0.64

The post Here’s is When Cardano (ADA) Price May Rise High by 20% to Hit $0.64 appeared on BitcoinEthereumNews.com. Cardano’s (ADA) price action was pretty bullish but the recent price actions had significantly dropped the price within the same...

Here’s is When Cardano (ADA) Price May Rise High by 20% to Hit $0.64

Cardano’s (ADA) price action was pretty bullish but the recent price actions had significantly dropped the price within the same descending triangle again. The traders are currently waiting for the confirmation of the ADA price trend and awaiting for the bulls or the bears to display their dominance. 

Considering the present price movement, the possibility of a correction appears to be pretty high and may drag the price below $0.55 which could rise the price beyond $0.687 ahead. 

The ADA price has faced huge barriers within its rally before as the monthly resistance is decremental. Therefore, following a bullish pattern, the asset is expected to slide down heavily as an outcome of a double-top pattern. 

adaprice

Presently, the asset has initiated its attempt to rise beyond the lower consolidation but the bears have hindered the rally just below $0.6. As mentioned before, the price may re-enter the bearish triangle amid the recent sell-off. Further, a notable upswing may prevent the asset to drop towards the lower support below $0.5 and ignite a firm rebound ahead. 

While the daily RSI is displaying a bearish divergence, the MACD remains bullish with a considerate volume of buying pressure. As the asset remains swinging within a bullish formation, the possibilities of a strong surge over the markets. Therefore, in the coming 24 hours, ADA price

Was this writing helpful?

Source: https://coinpedia.org/price-analysis/heres-is-when-cardano-ada-price-may-rise-high-by-20-to-hit-0-64/

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
Banner-Tech-Summit-Rio 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)