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ADA Might Cross Above $0.50, TAMA Looks Promising

ADA Might Cross Above $0.50, TAMA Looks Promising
ADA Might Cross Above $0.50, TAMA Looks Promising

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The Cardano price prediction may keep following the sideways movement, but if the market price rises, the coin is likely to move higher.

Cardano Prediction Statistics Data:

  • Cardano price now – $0.46
  • Cardano market cap – $15.8 billion
  • Cardano circulating supply – 34.1 billion
  • Cardano total supply – 34.8 billion
  • Cardano Coinmarketcap ranking – #8

ADA/USD Market

Key Levels:

Resistance levels: $0.57, $0.59, $0.61

Support levels: $0.40, $0.38, $0.36

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ADA/USD is currently trading around the $0.46 level below the 9-day and 21-day moving averages. In the range of the descending channel, the closest support is located at $0.45, with a close resistance at $0.50. Meanwhile, if the Cardano price increases, additional resistance can be found above the 9-day and 21-day moving averages.

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Cardano Price May Go Bullish as Tamadoge Looks Promising

Looking at the daily chart, it is obvious that the Cardano price may follow bullish trends once the coin crosses above $0.50, and according to the technical indicator, the Relative Strength Index (14) is likely to follow the sideways movement.

At the moment, ADA/USD is trading at $0.46, but any bearish movement below the lower boundary of the channel could lead the coin to a serious downtrend. However, the support levels for the coin could be located at $0.40, $0.38, and $0.36, while the resistance levels lie at $0.57, $0.59, and $0.61 respectively.

Again Bitcoin, the Cardano price is likely to face the upper boundary of the channel. Meanwhile, the support level of this coin is built around 2300 SAT while the resistance is set at 2600 SAT if the market price crosses above the 9-day and 21-day moving averages. Technically, the price may continue to move sideways as the technical indicator Relative Strength Index (14) remains above the 50-level.

ADABTC – Daily Chart

However, if the Cardano price faces the lower boundary of the channel, ADA/BTC may hit the support level of 2100 SAT and below. Moreover, any bullish movement above the moving averages may allow the market to form a new upward trend, and this could reach the potential resistance at 2600 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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