Cardano May Hit $0.3 Near-term As Bulls Resume Control Ahead Of Cardano Shelley Upgrade

Cardano News Today – In our previous Cardano news, we talked about the fact that the price of Cardano ADA was in a sideways trend irrespective of the upcoming Cardano Shelley upgrade. For days, ADA was trading in red against the USD and this was rather discouraging. Yesterday, however, the price of the token took a bullish jump above $0.0900. This move upward was encouraging since investors where starting to lose faith in the ADA token because of the price dip. Now, the latest Cardano price prediction 2019 and Cardano price prediction 2020 place the price of Cardano ADA firmly in the bullish territory. Will the bulls take control of Cardano or will the bears remain in control?

Cardano Price Prediction 2019 – Cardano News Today – Cardano Price Prediction 2020 – Bull Or Bear Market? How High Will Cardano Go?

Cardano ADA has had a bumpy ride since the beginning of the year. At first, the price of the ADA token was bullish against the USD and Bitcoin right after the Cardano Foundation updated their roadmap with details about the Cardano Shelley upgrade. The bullish momentum that followed allowed the cryptocurrency to get back into the top 10 on CoinMarketCap overtaking Tron Trx. Unfortunately, as is common in the cryptocurrency space, a rapid rise in price is typically followed by a rapid drop. This was exactly what happened to Cardano ADA. The price started to fall and it stayed in a sideways trend for weeks.

Cardano (ADA) Price Today – ADA / USD

Name Price
cardano
Cardano
$0.0480.553%

Last week, the co-founder of Cardano, Charles Hoskinson announced another updated roadmap which had more precise details about the transition to Cardano Shelley. This, along with the positive sentiment in the altcoin market, led the price of Cardano ADA to rally yesterday. It surged higher significantly crossing the resistance at $0.090. Over the last 30 days, the price of Cardano ADA has surged by up to 18.89% against the USD. This is rather impressive considering the fact that it also suffered bearish pressure during this period. Over the last seven days, the price of Cardano ADA is up by over 13%. Yesterday, it opened trading in the $0.080 level and closed it in the $0.0900 level. As the closing section came to an end yesterday the price of Cardano ADA recovered lower to the $0.087 level.

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

This morning, the ADA bulls gathered the momentum they needed to move above the $0.090 level again. While it is currently correcting lower, the technical indicators show that a price hike is coming soon and a more sustainable bull run will drive the price of ADA to the $0.1 level near-term. The Cardano price prediction 2019 place the price of ADA as high as $0.300 before the end of the year and more specifically after the Cardano Shelley upgrade. The Cardano price prediction 2020 places the price of ADA at $1 by the end of the year if the bulls continue to have an upper hand in the market.

Cardano (ADA) Price Today – ADA / USD

Name Price
cardano
Cardano
$0.0480.553%

At the time of writing, the price of cardano ADA on CoinMarketCap was $0.092186. This means that it is up by 1.13% against the USD and down by 2.45% against the BTC. The trading volume over a 24 hour period is $240,674,851 and the market capitalization is $2,390,108,359. The next few trading sessions will determine if the price action will become bullish again or the bears will resume their rally fully.

What do you think about the Cardano price prediction 2019 and Cardano price prediction 2020 in our Cardano news today?

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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