Cardano Price Prediction: As ADA Drops Out Of Top 10 Cryptos, Whales Jump Into This Bitcoin-Gifting ICO With Only 13 Days Left

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Cardano Price Prediction for Today, May 12 – ADA Technical Analysis
Cardano Price Prediction for Today, May 12 – ADA Technical Analysis

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The Cardano price dropped 3% in the last 24 hours to trade at $0.6257 as of 5:20 a.m. EST on trading volume that surged 54% to $722.28 million.

Following the recent decrease in the ADA price, the altcoin dropped out of the top 10 list of the largest cryptos by market cap. Lido Staked Ether (STETH) has taken the number 10 spot.

Cardano Price Prediction

Cardano saw a sharp price dip last week. It dipped from $0.725 to $0.625. ADA’s price then spent the weekend fluctuating between this support zone and a resistance at $0.65, only to then surge yesterday and hit $0.6565, slightly breaching the resistance before it eventually rejected it again.

Right now, the altcoin is back at the support at $0.625, but Cardano is not yet ready to stabilize. Its Bollinger Bands have been consistently wide throughout the last two days, but earlier today, as its price dipped again, it saw a much larger widening as the dropping value pushed the lower band further down.

However, this could create an opportunity for traders to buy the dip, so ADA might see another price increase in the coming hours.

Cardano Price Prediction

ADA/USDT chart analysis (Source: TradingView)

That is also signaled by the project’s Relative Strength Index (RSI). Cardano’s RSI value saw strong fluctuations in the last two days, consistently going from the oversold area to the overbought zone, and back again. Yesterday afternoon, the RSI spent some time fluctuating between the overbought zone and the neutral value at 50, only to then drop deeply into the oversold area, nearly reaching the value of 20.

This led to a surge in activity, as traders bought the dip, pushing the RSI back up to 50. Since then, it dropped to 30 again, which could be a signal for buyers to make their move.

Promising Alternative To Cardano

While traders wait for Cardano to surge, investors are buying BTC Bull Token (BTCBULL) before its presale ends in less than 2 weeks.

BTC Bull Token calls itself Bitcoin’s official meme coin, and its goal is to help BTC grow in value. To achieve this, it has created a series of milestones for Bitcoin’s price, including $150k, $200k, $250k, and so on, all the way up to $1 million per BTC.

Whenever Bitcoin’s price hits one of these milestones for the first time, the project will distribute free BTC to BTCBULL holders. That way, it encourages users to buy and HODL its token, but also to invest in Bitcoin, and get some of it for free once the mentioned milestones are reached.

The project also created a plan to burn BTCBULL tokens whenever Bitcoin’s price increases by $50k, starting at $125K, thereby increasing the chances of its value rising in the future.

However, after spending a few months in presale, the project is ready to end the ICO and launch its token, which is scheduled to happen in just 13 days, at the end of June. This leaves investors with limited time to buy BTCBULL at its current price, as experts like Jacob Crypto Bury, a crypto YouTuber with over 56.8k subscribers, believe that it could be the next 10x crypto.

If you wish to join others who bought BTCBULL for only $0.00257 apiece, join its ICO before it ends in around 13 days.

Visit the BTCBULL website.

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