Today, the price of Cardano surged above the $0.0750 resistance converting it into a support area. If the bulls are able to maintain their ground above this level, there is a high chance that the price of ADA is going to hit $0.0900 in the next few trading sessions according to Cardano price prediction 2019 on Blockonomi.com. How high will Cardano go?
Cardano Price Predictions – How High Will Cardano Go?
Right now, there is strong resistance around the 50% Fibonacci retracement level of the last fall from $0.1015 to $0.0750. This was followed by a gradual fall below the support at $0.0830. It wasn’t too long until the bulls gathered momentum to surge higher again. Right now, the key support for the price of Cardano is at $0.0750. If Cardano falls below this support, lower lows will follow.
However, it’s unlikely that the price of Cardano is going to fall below this support. The bulls are in full control of the market. We have already established that the price of Cardano will cross the $0.0900 near-term. After this, it will surge higher against the USD and Bitcoin. If the price of Cardano crosses $0.0900, the next resistance will be at $0.0920 and another will be at $0.0950. This will be the last resistance before $0.1000.
Cardano (ADA) Price Today – ADA / USD
| Name | Price |
|---|---|
 | $0.00 |
As soon as the price of Cardano ADA is able to break the resistance at $0.0900, it will be unstoppable and a surge to $0.1000 will be inevitable. In fact, the key bullish trendline is at $0.0880. You’ll recall that the price of ADA traded above the $0.1000 level a few days ago but was faced with resistance that slowly pulled ADA back to the $0.0750 level where it found support.
After a while, the price of Cardano started moving higher until it got to the $0.0820 level where it found resistance again. When the price of Cardano ADA started surging, it broke the resistance at the 23.6% Fibonacci retracement level of the last fall from $0.1015 to $0.0750 but struggled to gain enough momentum to rise above $0.0880.
Cardano News Today – Seiza Explorer Released, Shelley Next
According to the latest Cardano news on cryptonewsz; ss the anticipation for the Shelley Upgrade is growing, Cardano (ADA) has recently released a blockchain explorer, Seiza. This explorer will help the existing users to track their transactions on the platform. This has been announced by EMURGO, a section of Cardano’s team that develops supports and incubates commercial ventures. The official tweet said,
“We are excited to unveil ‘Seiza,’ an all-new official Cardano Blockchain Explorer developed by EMURGO! Starting right now, you can visit the website. With Shelley slated in the near future, Seiza provides utility & transparency for ADA holders.”
The expected price of Cardano (ADA) stands around 1 USD by the end of 2019. We should now analyze the current figures of Cardano to understand the growth pattern more clearly.
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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.
