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ADA/USD has been consistently bearish for a long time now. However, at some point, we do witness some occasional upward retracement, but usually, in the long run, those profits gets canceled. Perhaps we are at the beginning of such upside retracement from which short-term Traders can benefit. Let’s check it out!
ADA Analysis Statistics Data:
Cardano’s value now: $0.3267
Cardano’s market cap: $11.18 billion
ADA’s moving supply: 34.41 billion
Total supply of ADA: 35.16 billion
Cardano’s Coinmarketcap ranking: #9
Important Value Levels:
Top Levels: $0.3267, $.3300, $0.3340
Bottom Levels: $0.3233, $0.3200, $0.3170
Cardano Price Prediction Today November 19, 2022: Is ADA/USD Price Attempting an Upside Retracement?
As earlier said price activities in the ADA/USD market have been making higher lows. Just like always, there have been points where we witnessed upward retracement, and at this point appears we may be near witnessing a similar occurrence. The last price candle on this market portrays that buyer continues to pull the breaks on the downward trend. Going by the fact that such has happened very recently price may retrace considerably upwards from here. The behavior of the RSI as well seems suspicious. One will notice the mangled appearance of the RSI curves, as it sliding towards the oversold. Additionally the closeness of these lines is worth paying attention to. Consequently with just some more buying pressure, we may see price action retracing the price level of $0.3500.
Cardano Price Prediction Today November 19, 2022: ADA/BTC Also Seems to Be Attempting a Pullback
After ADA/BTC poked beyond the 61.80 Fibonacci level, the bears Resumed, and this pair failed to find support above this level. However, the price candle here seems to be revealing that upside strength may be gradually returning to this market. Furthermore, the RSI indicator curves have found themselves in the oversold region and may soon give a bullish reversal should the current buying activities eventually grows significant. This may see the price retracing above the 0.00002008 resistance level. However, Traders can place an entry at 0.00002008 incase an upside retracement resumes.
But unlike the above crypto Impact Token has a nice outlook as buyers are increasingly becoming more interested in it. As of now, the IMPT has gathered around $12.6 million through its presale. And what’s more, is that it gathered this much money within the space of four weeks.
On the same note, the Dash 2 Trade token is receiving some optimism, after CZ of Binance announced a cryptocurrency recovery plan. Furthermore, the Dash 2 Trade token presale has gathered about $6.5 million since its commencement.
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