Cardano is one of the few altcoins that got double digits gains during the recent cryptocurrency bull run. While the price of ADA didn’t start surging as soon as BTC started surging, it eventually reported double digit gains after smashing several resistance levels against the USD. The rate at which the price of Cardano ADA surged was encouraging and it showed that the Cardano price prediction 2019, Cardano price prediction 2020 and Cardano price prediction 2025 are still bullish against the USD as we initially predicted. Towards the end of trading yesterday, the market entered recovery mode as Bitcoin went as low as $6200 and altcoins, including Cardano started bleeding out. Does this mean that the cryptocurrency bull run is over? Not at all, Cardano has only entered a consolidation as it prepares to resume the bull rally.
Cardano Price Prediction 2019 – Cardano Price Prediction 2020 – Cardano Price Prediction 2025 – Cardano News Today – ADA Price Consolidates
According to a Cardano price analysis on Captainaltcoin.com, the price of ADA is currently consolidating against the USD and Bitcoin. Based on the price action, the price of ADA hit bottom when it got to the 960 satoshis. Since then, the bulls took control of the market as the price improved significantly against the USD reaching the 1156 satoshi level. This was were the bears showed up and the price consolidation started. It is important that the price of ADA stays above the 1076 satoshi level which is current acting as support against the BTC. If it doesn’t, a drop below 912 will be imminent.
Upside, there is a resistance at the 200-day moving average which is around 1300 satoshis. If a breakout occurs and the price of Cardano is able to move above this level, it will would sail smoothly to the 1945 satoshi level. Right now, there is a strong bearish trendline visible at 1307 satoshis. Keep in mind that the current downturn in the price of Cardano isn’t unique to ADA. Bitcoin, the flagship cryptocurrency, moved erratically and this ignited a market wide correction. This control Bitcoin has over the market also makes it difficult for us to get a Cardano price prediction 2019 that would be 100% accurate. Always pay attention to the price action of Bitcoin even if you don’t hold any in your portfolio.
Cardano Price Prediction 2019 – Cardano Price Prediction 2020 – Cardano Price Prediction 2025 – Current Price Of ADA
At the time of writing, the price of Cardano ADA was bleeding out at $0.078499. This means that it is up by 10.17% against the USD and down by 2.44% against the price of BTC. The trading volume over a 24 hour period is $219,375,260 and the market capitalization is $2,035,248,314.
Cardano (ADA) Price Today – ADA / USD
The entire market is correcting lower after enjoying weeks of bullish pressure. However, the ADA bulls have not run out of steam. There is a strong chance that the price of Cardano will bounce back soon. If you didn’t have a chance to accumulate before the last bull run, this may be the perfect opportunity for you to accumulate. The Cardano price prediction 2019, Cardano price prediction 2020, and Cardano price prediction 2025 are all bullish against the USD.
What do you think about the Cardano price prediction 2019, Cardano price prediction 2020, Cardano price prediction 2025 and current price of ADA in our Cardano news today? Share your thoughts in the comment section.