Cardano ADA Up By 4% Against The USD, May Test The Resistance At $0.1400 If The Bulls Continue To Prevail

Cardano ADA, like many other cryptocurrencies in the market, has had a rough few weeks. The price of ADA fell significantly against the USD right after trending bullish for days. While the Cardano price prediction 2019 and Cardano price prediction 2020 was still bullish because of Cardano Shelley and some other upgrades that the team is working on, the short-term trend of Cardano was negative. This morning, however, things have changed and the price of Cardano is up against the USD. This bull run came with a breath of fresh air in the space as it has rekindled the faith investors have in the future of Cardano ADA.

Cardano ADA Price Prediction 2019 – Cardano ADA Price Prediction 2020 – Cardano News Today – ADA Price Spikes

Right now, the price of Cardano ADA is moving up there are resistance levels at $0.1200, $0.1400 and $0.1600 while there are support levels at $0.0500, $0.0300, and $0.0100. This morning, just before the price of ADA started to trade higher, it was stuck in a tight range between $0.6000 and $0.7000. On the 25th of April, the price of Cardano ADA broke the lower part of the range. This was followed by a quick bull surge and another correction. In the next few trading sessions, the price of Cardano ADA is expected to move as high as $0.07444 which happens to be below the 10- EMA.

Two days ago, on the 28 of March, the bears pushed the price of Cardano as low as $0.6566. This was a repeat of what happened on the 25th of April as well. After the bears ran out of steam, the price was pushed back to the upper part of the range. The price of ADA is trading in a wider range between $0.1000 and $0.0700 long-term. Before taking any short-term positions, hold on for a breakout at the upper part of the supply area of a breakdown at the lower part of the demand area.

Cardano Price Prediction 2020 – Cardano Price Prediction 2019 – Cardano News Today – ADA Current Price

At the time of writing, the price of Cardano was bullish against the USD trading at $0.068327. This means that it is up by 4.37% against the USD and up by 2.07% against the price of BTC. The trading volume over a 24 hour period is $64,187,714 and the market capitalization is $1,771,514,863. By the end of 2020, ADA is going to sell as high as $5.

Most top coins are currently trading in green against the USD. The bears have lost the grip on the market and given the bulls an opportunity to dive in. Even the flagship cryptocurrency, Bitcoin, has gained above the $5300 level this morning and it is still rising against the USD. Before the end of trading today, the price of Bitcoin is expected to move as high as $5400. The higher it goes, the higher altcoins would go and this includes Cardano ADA.

What do you think about the Cardano ADA price prediction 2019 and Cardano ADA price prediction 2020 in our Cardano ADA news today? Share your thoughts about the current price of Cardano in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.


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