ADA Faces Critical Support at $0.40 as TAMA Goes Bullish ByAzeez MustaphaPRO INVESTOR Updated: 23 September 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Join Our Telegram channel to stay up to date on breaking news coverage The Cardano price prediction reveals that ADA may find a halt at $0.40 as the price is down by 0.96% after touching the daily high of $0.48. Cardano Prediction Statistics Data: Cardano price now – $0.45 Cardano market cap – $15.5 billion Cardano circulating supply – 34.2 billion Cardano total supply – 34.9 billion Cardano Coinmarketcap ranking – #8 ADA/USD Market Key Levels: Resistance levels: $0.55, $0.60, $0.65 Support levels: $0.35, $0.30, $0.25 Buy Cardano Now Your capital is at risk ADA/USD price may drop further lower to find support at the $0.40 level as the daily chart reveals that the Cardano price may go lower before rising again. Therefore, if the bears continue to push the market further lower, immediate support below the $0.43 level may be located. Beneath this, further supports may be found at $0.35, $0.30, and $0.25. ADA Price Faces the South as TAMA Increases As the daily chart reveals, if the buyers can hold the support at $0.45 which is the current market value, the Cardano price may begin to climb higher, and bulls could expect immediate resistance to be located above the 9-day and 21-day moving averages. However, any bullish movement towards the upper boundary of the channel may locate the higher resistance levels at $0.55, $0.60, and $0.65. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross below the 40-level, which shows that the market price may drop more. Against Bitcoin, the Cardano price is moving to the upside above the 9-day and 21-day moving averages, likely to cross above the upper boundary of the channel. Therefore, should the price cross above the channel, the market could hit the resistance level at 2600 SAT and above. ADABTC – Daily Chart On the contrary, if the bulls failed to push the market towards the north, it may cross below the moving averages to face the lower boundary of the channel. If successful, ADA price may reach the support level of 2200 SAT and below. More so, the technical indicator Relative Strength Index (14) confirms that the market is been controlled by the buyer as the signal line moves to cross above the 60-level. Related: How to Buy Tamadoge Visit Tamadoge Website Join Our Telegram channel to stay up to date on breaking news coverage
