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The Cardano (ADA) price prediction may lack short-term and medium-term support, but if the price rises even further, the coin may face up.
Cardano Prediction Statistics Data:
- Cardano price now – $0.51
- Cardano market cap – $17.5 billion
- Cardano circulating supply – 34.1 billion
- Cardano total supply – 34.8 billion
- Cardano Coinmarketcap ranking – #8
ADA/USD Market
Key Levels:
Resistance levels: $0.65, $0.70, $0.75
Support levels: $0.40, $0.35, $0.30
Your capital is at risk
ADA/USD is trading around the $0.51 level but the coin keeps ranging above the 9-day and 21-day moving averages. However, if the bulls push the Cardano price towards the upper boundary of the channel, the nearest resistance may be located around $0.55. Moreover, if the market increases, additional resistance can be found above the channel.
Cardano (ADA) May Break to the Upside; Tamadoge (TAMA) to Pump Furiously
At the time of writing, traders could see that the Cardano price may likely create more bullish trends once the sideways movement is over and this is noticeable as the technical indicator Relative Strength Index (14) is likely to cross above the 60-level.
Looking at the daily chart, the market decides to rebounds from the low of $0.49 around the 9-day moving average but any bearish movement below this barrier could lead the coin to a serious downtrend. Hence, the support levels for the coin could be found at $0.40, $0.35, and $0.30, while the resistance levels lie at $0.65, $0.70, and $0.75 respectively.
When compares with Bitcoin, the coin is sliding below the 9-day and 21-day moving averages following the bearish movement. Technically, it is likely for the coin to continue with the current movement as the technical indicator Relative Strength Index (14) crosses below 50-level.
Therefore, if the Cardano price remains below the moving averages, ADA/BTC may head towards the lower boundary of the channel which could hit the support level of 2100 SAT and below. However, any bullish movement above the moving averages could allow the market to form a new upward trend and this could reach the potential resistance at 2500 SAT and above.
The Tamadoge team said that the move aims to make investing in TAMA easy and safe. These users can be confident in transferring fiat into crypto, hence the need for Tamadoge to secure this deal with Transak. One of the strongest pillars of any project in the web 3.0 & crypto sector is having a solid team to see the project succeed. The TAMA website has revealed Thomas Seabrook as the Tamadoge lead developer and Carl Dawkins as the head of growth. The other members of the Tamadoge team include Neil Palethorpe and Siphamandla Mjoli, who have joined as the Senior Interaction Designer and the Senior Blockchain Developer, respectively.
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