Cardano Price Prediction for Today, June 18: ADA Drops Below $0.50 ByAzeez MustaphaPRO INVESTOR Updated: 18 June 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. 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 $0.50 as the price is down by 5.99% over the last 24 hours. Cardano Prediction Statistics Data: Cardano price now – $0.43 Cardano market cap – $14.6 billion Cardano circulating supply – 33.7 billion Cardano total supply – 34.2 billion Cardano Coinmarketcap ranking – #7 ADA/USD Market Key Levels: Resistance levels: $0.70, $0.75, $0.80 Support levels: $0.25, $0.20, $0.15 Buy Cardano Now ADA/USD price is sliding below the 9-day and 21-day moving averages, and the coin may drop further lower to find support at the $0.40 level. Therefore, if the bears continue to push the market further lower, the immediate support below the $0.35 level may be located. Beneath this, further supports may be found at $0.25, $0.20, and $0.15. Cardano Price Prediction: ADA Price May Consolidate at the Downside According to the daily chart, if the buyers can hold the support at $0.43, 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, which is not too close to the upper boundary of the channel. However, crossing above the upper boundary of the channel may locate the higher resistance levels at $0.70, $0.75, and $0.80. Meanwhile, the technical indicator Relative Strength Index (14) is moving below the 40-level, which shows that the market price may drop more. ADA/BTC Market: Cardano Price Faces the Upside When compared with Bitcoin, the Cardano price is moving to the upside within the channel, where the price is expected to cross above the upper boundary of the channel. Therefore, should the price head to the downside, the market could hit the support level at 2100 SAT and below. ADABTC – Daily Chart However, if the bulls continue to manage and push the market towards the north, it may cross above the channel. If successful, the ADA price may reach the resistance level of 2800 SAT and above. More so, the technical indicator Relative Strength Index (14) confirms that the market is been controlled by the buyers as the signal line moves to cross into the overbought region. Our Recommended Crypto Exchange for U.S. customers Our Rating 120+ Cryptos Wallet Available Paypal available Licensed and regulated in the U.S. Social trading Platform & copy trading Low trading fees Visit Site 81% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy Cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage