Cardano Price Prediction for Today, March 21: ADA/USD Moves for Recovery Above $0.35

The Cardano price prediction reveals that ADA begins to form higher as the bears push the coin above the moving averages.

Cardano Prediction Statistics Data:

• Cardano price now – $0.36
• Cardano market cap – $12.9 billion
• Cardano circulating supply – 34.7 million
• Cardano total supply – 35.5 billion
• Cardano Coinmarketcap ranking – #7

ADA/USD Market

Key Levels:

Resistance levels: $0.45, $0.47, $0.49

Support levels: $0.28, $0.26, $0.24

ADA/USD is crossing above the 9-day and 21-day moving averages as the coin touches the resistance level of $0.37. However, since a few days ago, ADA/USD has been trading within the 9-day and 21-day moving averages and this refrains the coin from going back to the support level of $0.33.

Cardano Price Prediction: Will Cardano Continue to Move Higher?

The Cardano price is ready to create move additional bullish movement as the coin continues to rise and could probably cross above the upper boundary of the channel if the bulls hit the $0.40 resistance level. Therefore, any further bullish movement above this barrier may push the price to the potential resistance levels of $0.45, $0.47, and $0.49.

Nevertheless, this technical prediction may be invalidated if the bears break below the 9-day and 21-day moving averages, any further bearish movement below the lower boundary of the channel may reach the support levels of $0.28, $0.26, and $0.24. Moreover, the technical indicator Relative Strength Index (14) is moving to cross above the 60-level to keep the coin in the next positive direction.

Against Bitcoin, the Cardano price is attempting to cross above the 9-day and 21-day moving averages with a major resistance level of 1336 SAT. The long-term moving averages may likely keep the bullish movement as the market is starting a new trend by crossing above the 21-day moving average.

However, if the buyers could push the price towards the upper boundary of the channel, higher resistance could be located at 1550 SAT and above while the technical indicator Relative Strength Index (14) remains below the 40-level, indicating that sellers are likely to play out. Moreover, should the bulls fail to move the current market value above the aforementioned barrier, the bears may step back into the market, and the nearest support level could be located at 1000 SAT and below.

Alternatives to Cardano

According to the daily chart, the Cardano price may continue to face the north as the coin moves to cross above the 9-day and 21-day moving averages. However, a bullish cross above this barrier is needed to correct the immediate sideways movement and push the coin to the upside. Nevertheless, individuals interested in sharing opinions in a vibrant community and earning financial perks should buy LHINU tokens at a discounted price via its presale, as they will be needed to participate in voting activities. Meanwhile, the token has raised almost $2 million in the ongoing presale.