ADA Price Prediction: Can The Bulls Break The $0.37 Resistance?

ADA is gaining slightly today on its price trading at the $0.36 price level as it seeks to recover from the downtrend. Its trading volume is down by 13% at press time as the bears seek to return the asset to lower lows. 

However, a consolidation phase is more likely before its next move. 

ADA Price Action In 2023

ADA traded at $0.2498 on January 1, 2023, still feeling the effects of the 2022 bear market. However, it moved to $0.3171 on January 9 and hit $0.4043 on February 3 for the first time in 2023. 

ADA succumbed to the bears again, returning to $0.3925 on February 5, 2023. The bulls reclaimed the market again by February 14, pushing the asset back to the $0.4 price level.

ADA remained in the $0.3 price level for most of March and traded between $0.3 and $0.4 in April and the early days of May. It is currently at the $0.36 level after shedding most of its gains in the past week.

ADA Price Prediction With Technical Indicators

ADA has formed a green candle on the daily price chart today as it seeks to recover from the downtrend that began on April 28. It is currently below its 50-day Simple Moving Average (SMA) a short-term bearish sentiment.

Also, ADA’s Relative Strength Index (RSI) is 40.20 and moving upwards to the neutral zone. It indicates that the asset is moving into a recovery and consolidation phase. 

ADA’s Moving Average Convergence/Divergence (MACD) is below its signal line, showing a negative value which is a bearish signal. 

However, the histogram bar for today is faint, indicating a reduction in bearish pressure for the asset. Notably, ADA has remained above its 200-day SMA, a long-term bullish sentiment. 

ADA Support And Resistance Levels

ADA downtrend paused at $0.3606 as the bulls seek to rally. A decline below this level will see its price decline to the $0.3453 support. 

The coin faces stiff resistance at the $0.3767 level. However, if ADA breaks above this price ceiling, expect a further rally to the $0.3945 resistance level in the coming days. 

Experts’ Short And Long-Term ADA Price Prediction

Crypto experts compiled optimistic ADA price predictions for 2023 and beyond using technical and fundamental analysis.

Changelly Cardano Price Prediction

Changelly predict ADA’s will attain a maximum price of $0.559944, a minimum of $0.459954, and an average price of $0.479952 in 2023. Also, in 2025 the expected maximum is $1.15, the minimum is $0.929907, and the average price is $0.959904.

In 2030, Changelly, predicts ADA’s maximum price to hit $7.01, its minimum $6.00, and its average price of $6.17.

CryptoNewsZ Cardano Price Prediction

CryptoNewsZ, in 2023, predicts ADA will trade at a minimum of $0.33, an average of $0.56, and a maximum price of $0.80. Also, in 2025, the experts forecast a maximum of $1.32, a minimum price of $0.86, and an average price of $1.09. 

In 2030, CryptonewZ tip ADA to attain a maximum of $3.96, a minimum of $2.59, and an average price of $3.28. 

Coinpedia Cardano Price Prediction

Coinpedia, predicts that ADA will reach a minimum of $0.472, a maximum price of $0.716, and an average price of $0.554 in 2023. By 2025, the expected maximum is $1.267, the minimum is $0.924, and the average price is $1.063.

Also, Coinpedia analysts in 2030, tip ADA to reach a maximum price of $4.10, a minimum of $2.99, and an average price of $3.52. 

Factors Affecting ADA’s Price 

Several factors are responsible for the upward and downward movements of the ADA token. They include but aren’t limited to:

Law Of Demand and Supply 

These laws apply across all trading and financial markets worldwide. If the demand for an asset exceeds its supply, scarcity ensues, leading to a price increase. 

However, if the supply exceeds the demand, the price will drop due to excess assets in circulation and a limited number of buyers.

Utility and adoption

A crypto project will succeed if its utility is high. If a project receives massive interest from investors and finds real-world application, it is worth investing in for the future. 

Crypto Regulatory environment

Crypto regulations can affect the price of a token. In crypto-friendly environments, most crypto tokens thrive and become bullish, although laws are essential to protect investors. 

However, regions like China with stiff sanctions on crypto trading and its activities will cause a price drop in tokens within that area. 

Technology updates And Upgrades

Many cryptocurrencies launch daily worldwide.  However, technological updates make them stand out from their peers. The updates could spike investors’ interest and help the tokens’ price. Similarly, negative updates on the network, such as the current 94% load can adversely affect ADA’s price.

ADA Alternatives

While ADA records slight gains today, users can still benefit from these presales to make a profit. 

yPredict (YPRED)

yPredict.ai is a crypto investment and analytics platform for traders and investors backed by high-quality Artificial Intelligence (AI). The project aims to maximize the potential of the crypto market by providing traders with highly accurate predictions and vital analytical data.

Also, it offers users modern features to traders for an edge in the competitive marketplace. These features range from a marketplace, revenue pools, and trading terminals. yPredict’s predictions rely on AI technology due to the volatile nature of cryptocurrencies. 

It is challenging for the best human mind to compete with the fast-paced and volatile crypto market hence the need for assistance. This AI recognizes over 25 distinct chart patterns, matching them with the right technical indicators necessary for successful trading. 

YPRED is the token for all transactions on this platform and is currently on presale. YPRED holders receive access to staking rewards and earn 10% of each new subscription on the platform shared in a staking pool. 

Also, the yPredict marketplace has a feed updated in real-time essential to trading success. yPredict operates on the Polygon blockchain, a fast, efficient, and cost-effective cryptocurrency ecosystem. 

YPRED token holders benefit from the yPredict analysis on several crypto coins and tokens to make the right trade decisions. The current YPRED presale stage is rounding up, and investors must act fast to take advantage. Currently, each token is worth $0.05 with a listing price of $0.12. The next stage will see its price increase to $0.07

Additionally, Early investors receive a 15% return on investment on the tokens, a notable percentage in financial markets. Users can acquire these tokens with ETH, BNB, or MATIC tokens and then swap them. 

Notably, over 20,000 users are on the YPRED waitlist for its launch on exchanges. The token might experience a bullish run once its list is similar to $SPONGE and $PEPE.

Deelance (DLANCE)

DeeLance is a professional freelance marketplace on the blockchain connecting freelancers and employers for effective results. The freelance niche is growing explosively with more internet users preferring to work at their own pace. DeeLance offers both freelancers and employers the necessary framework to succeed. 

The freelance market is vast, with notable names like Upwork, Fiverr, and Freelancer.com dominating the job market.

Unfortunately, many of these sites are prone to attacks from scam artists and fake bot accounts that exploit users. Deelance offers the first job board secured by deep cryptographic methods on the blockchain to satisfy the needs of employers and freelancers.

Also, payment is another grey area for freelancers who often get ripped off by dubious clients. DeeLance uses an Escrow to protect funds until both parties satisfy the terms of the agreement. 

DEELANCE, the platform’s utility token, is currently on presale. It is worth $0.029 per token and will increase to $0.033 in the next four days. Token holders enjoy the full benefits of the platform and will benefit as it soars in popularity. 

The presale rounds will usher in a price increase till the token eventually lists on exchanges. Early investors will profit by buying the presales and cashing in once it opens to trade.