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Cardano Price Prediction for Today, August 11: ADA Resumes Consolidation Above $0.54 Level

Cardano Price Prediction
Cardano Price Prediction

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The Cardano price prediction shows that ADA touches a new daily high of $0.54 as the coin heads to cross above the upper boundary of the channel.

Cardano Prediction Statistics Data:

  • Cardano price now – $0.53
  • Cardano market cap – $18.2 billion
  • Cardano circulating supply – 33.9 billion
  • Cardano total supply – 34.5 billion
  • Cardano Coinmarketcap ranking – #7

ADA/USD Market

Key Levels:

Resistance levels: $0.75, $0.80, $0.85

Support levels: $0.30, $0.25, $0.20

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ADA/USD is trading at $0.53 after confirming a daily uptrend and climbing towards the upper boundary of the channel. The Cardano is making a triumphant return above the 9-day and 21-day moving averages; therefore, ADA could touch a new daily high at over $0.55 in the next positive direction.

Cardano Price Prediction: Cardano (ADA) Ready to Blow Hot

As the daily chart reveals, the 9-day moving average is confidently above the 21-day moving average. The Cardano price is likewise trading at the resistance level of $0.539, which connotes that buyers may gain upper hand in the market. However, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level, but currently moving sideways.

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Meanwhile, should in case the buyers push the price above the upper boundary of the channel, and the daily candlestick closes above this barrier, the market price could rally towards the potential resistance levels of $0.75, $0.80, and $0.85, while the support levels may be located around $0.30, $0.25, and $0.20 respectively.

ADA/BTC Market: Cardano Price Keeps Consolidating

Against Bitcoin, the Cardano price is moving sideways, and if the coin follows a bullish surge above the 9-day and 21-day moving averages, its price may swing high towards the upper boundary of the channel to touch the resistance level of 3000 SAT and above.

ADABTC – Daily Chart

Meanwhile, crossing below the lower boundary of the channel could lead the coin to the support level of 1600 SAT and below. On the technical indicator, the Relative Strength Index (14) signal line is currently crossing below the 50-level, pointing down to indicate a bearish movement.

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