Cardano (ADA) Faces Resistance But The Bulls Prepare To Cross Above $0.095 And Hit $0.11 Soon

Cardano is one of the many Ethereum killers in the cryptocurrency space. While the Cardano platform and the ADA token are often underestimated, the team behind them have been working tirelessly to make sure that ADA news, Cardano news, and Cardano ADA news are always positive. Since the beginning of 2019, the price of Cardano ADA has been bullish against the USD. Even when other altcoins were falling, ADA managed to maintain a degree of bullish momentum. According to the Cardano ADA price analysis on Coincodex, the token is set to break the resistance that stand between the current price of Cardano and the $0.11 level.

Cardano News Today – Cardano ADA News Today – ADA Price Prediction – ADA To Break Key Resistance

Right now, the price of Cardano ADA is facing resistances at $0.88, $0.095 and $0.11. There are also support levels at $0.07, and $0.06. At the time of writing, the current price of Cardano ADA on CoinMarketCap was $0.082946. This means that it is up by 1.57% against the USD and down by 0.73% against BTC. The trading volume over a 24 hour period is $67,431,600 and the market capitalization is $2,150,553,149. If the bulls are able to gather enough momentum to push the price of ADA above $0.85, it would have no difficulty reaching the resistance at $0.85.

Based on the recent ADA news, Cardano news and Cardano ADA news, it’s safe to say that the long-term price trend for cardano is bullish against the USD. During March, the positive Cardano news drove the price of ADA as high as $0.1. However, because the 50-day MA didn’t breakout, the sellers pushed the price of ADA lower against the USD. Until the price of ADA breaks out of this 50-day moving average, the chances of moving higher against the USD will remain slim. In fact, the price of Cardano ADA may fall to the support at $0.07 mid-term if the bears continue to dominate the market.

Cardano News Today – ADA News – Cardano Price Short-term Forecast

Over the last five days, the price of Cardano has been in a sideways trend against the USD and against BTC. At one point, it started trading in a range of $0.086 and $0.08. The relative strength index of ADA was also in range between 30 and 70. What this means is that the price of Cardano is greeting ready to make a big move. The next bullish breakout in price is going to take it as high as $0.88, $0.95 and eventually $0.11.

Cardano (ADA) Price Today – ADA / USD

Name Price24H (%)
Cardano (ADA)
$0.082893
-0.06%

Retesting the $0.11 level would be a major breakthrough for the price of Cardano. It would renew the interest digital asset investors have in the token and pave a way for more gains against the USD. However, there is still a chance that it will fall to the $0.70 level short-term.

What do you think about the Cardano ADA price analysis in ADA news today? Will the price of ADA move higher or lower against the USD? Share your thoughts in the comment section below.

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