Cardano ADA is one of the top cryptocurrencies on coinmarketcap.com. This is not a surprise since the Cardano blockchain is among the most promising blockchains in the space and has the potential to kick Ethereum out of its position as the foremost decentralized computer in the world. The Cardano price prediction 2019 and Cardano price prediction 2020 have been bullish as investors are now seeing the true potential of Cardano ADA. However, for almost two weeks, the price of Cardano ADA was struggling to gain against the USD and against the price of Bitcoin. In fact, it lost most of the gains it acquired in the first week of April. This morning, however, Cardano and many other cryptocurrencies are starting the month of May in green. How high will Cardano go? Will the bulls continue to gain control of the market?
Cardano ADA News Today – Cardano ADA Price Analysis – Cardano Price Prediction 2020 – Cardano Price Prediction 2019
Right now, the bulls are in control. The price of Cardano ADA is bullish short and medium term. Traders have been encouraged to wait for bearish exhaustions to buy Cardano ADA if they want to make the most profit. According to a Cardano ADA price analysis on Bitcoin Exchange Guide, there are price support levels at $0.01400, $0.01200, and $0.01000. On the other hand, there are demand levels at $0.01000, $0.01500, $0.02000.
Twice within a short time, the price of Cardano ADA fell to the $0.06640 level. This allowed the bulls to gather enough momentum to surge. The ADA bulls drove the price of Cardano ADA to $0.06817 confirming that the bears have run out of steam and the bulls have taken over. The price of ADA moved as high as $0.07407 before the end of trading yesterday smashing the 50-EMA resistance. The bulls continued to hold their ground in the market until the early hours of trading today. In fact, the price went as high as $0.07881 before a price correction started.
Since the stochastic oscillator is at the 82% level, the bulls are in full control of the market. The price of Cardano ADA will most likely surge as high as $0.08000 near term. The 12 and 24-day EMAs are crossover during the trading session yesterday.
Cardano ADA Price Prediction 2019 – Cardano ADA Price Prediction 2020 – Cardano ADA News Today – ADA Cardano Current Price
At the time of writing, the current price of Cardano ADA was $0.067905. This shows that Cardano ADA is pulling back and is down by 0.02% against the USD and down by 1.27% against the price of BTC. The trading volume over a 24 hour period is $63,894,771 and the market capitalization is $1,760,580,474. The pullback was anticipated and it doesn’t mark the end of the bull run.
There is a chance that the price of Cardano ADA will retest the double bottom and the bulls will be able to rise as high as $0.07481 again. This is going to happen in the next few trading sessions. Meanwhile, our $2 Cardano price prediction 2019 and $5 Cardano price prediction 2020 are still valid.
Cardano (ADA) Price Today – ADA / USD
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