Cardano’s Surge To $0.10 Cut Short As Market-wide Correction Resumes Dragging The price Of ADA Down Against The USD

Cardano Price Prediction 2019 – Cardano is one of the best performing altcoins of the year. Since the beginning of the year, the Cardano ADA price prediction 2019 has been bullish against the USD and Bitcoin. This is all thanks to the anticipation surrounding the Cardano Shelley upgrade and the general positive sentiment in the market. Before the current price action kicked in, the price of Cardano was outperforming Bitcoin during a brief altcoin season. Unfortunately, the altcoin bull run has been followed by a dip correction. It is important to note that even if the current price of ADA is bearish, the upcoming Cardano Shelly upgrade is still going to change the game. In our Cardano news yesterday, we gave a vivid Cardano ADA price forecast that had to do with how the Cardano Shelley upgrade is going to change the game for ADA.

Cardano Price Prediction 2019: Cardano News Today – ADA News Today – Cardano Shelley Upgrade Remains A Game Changer Despite Current Market Trends

Today, the price of Cardano ADA increased by more than 6% in the early hours of trading. Shortly after, it fell to the $0.09677 level. This was the closest Cardano has come to the $0.09 level this month. The resistance at this point was so strong that the price of ADA entered into a descending trendline and has not been able to recover since then. It fell below several support levels after it lost the support at $0.09. To be fair, Cardano ADA isn’t the only cryptocurrency that is currently suffering. Almost every single altcoin is trading in red along with Bitcoin.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.041-2.30%

Over the last seven days, the price of Cardano ADA increased by 14% while the last 30 days has seen a 26% surge in price. What’s more, Cardano has increased by more than 106% within the last three months. So, even if the current price of Cardano is bearish, the trend is bullish on a broader scale. This is why the Cardano price prediction 2019 is still bullish.

Over the last three months, the strongest resistance for the price of Cardano has been at $0.01. There is a high chance that the price of Cardano ADA is going to pick up the bullish pace soon. When it does, the price must breakout of the $0.100 level to confirm the breakout. After this, the next resistance will be at $0.107. This would be followed by another major resistance at $0.1120 and one at $0.1177.

Cardano Price Prediction 2019: Cardano News Today: Current Price Of ADA – Will Cardano Recover?

At the time of writing, the price of ADA was $0.086971. This means that it is down by 3.55% against the USD and down by 1.2% against the BTC. The trading volume over a 24 hour period is $174,427,037 and the market capitalization is $2,254,897,332. The next few days of trading will determine if the price action will change near-term. Bitcoin will most likely start surging soon and will test the $9000 level which has been a strong resistance for a few days now. When it does, altcoins will resume their bull run.

What do you think about the Cardano price prediction 2019 in our Cardano news today? Will Cardano Shelley continue to drive a Cardano bull run? Kindly share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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