{"id":340139,"date":"2022-08-11T10:23:39","date_gmt":"2022-08-11T14:23:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=340139"},"modified":"2022-08-11T10:23:39","modified_gmt":"2022-08-11T14:23:39","slug":"cardano-price-prediction-for-today-august-11-ada-resumes-consolidation-above-0-54-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-for-today-august-11-ada-resumes-consolidation-above-0-54-level","title":{"rendered":"Cardano Price Prediction for Today, August 11: ADA Resumes Consolidation Above $0.54 Level"},"content":{"rendered":"<p>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.<\/p>\n<h2>Cardano Prediction Statistics Data:<\/h2>\n<ul>\n<li>Cardano price now &ndash; $0.53<\/li>\n<li>Cardano market cap &ndash; $18.2 billion<\/li>\n<li>Cardano circulating supply &ndash; 33.9 billion<\/li>\n<li>Cardano total supply &ndash; 34.5 billion<\/li>\n<li>Cardano Coinmarketcap ranking &ndash; #7<\/li>\n<\/ul>\n<h2>ADA\/USD Market<\/h2>\n<p>Key Levels:<\/p>\n<p>Resistance levels: $0.75, $0.80, $0.85<\/p>\n<p>Support levels: $0.30, $0.25, $0.20<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/insidebitcoins.com\/visit\/etoro-news\" class=\"su-button su-button-style-3d\" style=\"color:#000000;background-color:#F9A602;border-color:#c88502;border-radius:9px;-moz-border-radius:9px;-webkit-border-radius:9px\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;-moz-border-radius:9px;-webkit-border-radius:9px;text-shadow:none;-moz-text-shadow:none;-webkit-text-shadow:none\"> Buy Cardano Now<\/span><\/a>\n<\/p><p style=\"text-align: center\">Your capital is at risk.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-cardano\">ADA\/USD<\/a> 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.<\/p>\n<h2>Cardano Price Prediction: Cardano (ADA) Ready to Blow Hot<\/h2>\n<p>As the daily chart reveals, the 9-day moving average is confidently above the 21-day moving average. The <a href=\"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-for-today-august-8-ada-at-critical-resistance-around-0-54\">Cardano price<\/a> 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.<\/p>\n<p>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.<\/p>\n<h2>ADA\/BTC Market: Cardano Price Keeps Consolidating<\/h2>\n<p>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.<\/p>\n<figure id=\"attachment_340141\" aria-describedby=\"caption-attachment-340141\" style=\"width: 1079px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-340141 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/ADABTC_09082022.png\" alt=\"\" width=\"1079\" height=\"565\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/ADABTC_09082022.png 1079w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/ADABTC_09082022-300x157.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/ADABTC_09082022-1024x536.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/08\/ADABTC_09082022-768x402.png 768w\" sizes=\"(max-width: 1079px) 100vw, 1079px\"><figcaption id=\"caption-attachment-340141\" class=\"wp-caption-text\">ADABTC &ndash; Daily Chart<\/figcaption><\/figure>\n<p>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.<\/p>\n<p><strong>Related<\/strong><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-tamadoge\">How to Buy Tamadoge<\/a><\/p>\n<p><a href=\"https:\/\/buy.tamadoge.io\">Visit Tamadoge Website<\/a><\/p>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">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 <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-for-today-august-11-ada-resumes-consolidation-above-0-54-level\" title=\"Cardano Price Prediction for Today, August 11: ADA Resumes Consolidation Above $0.54 Level\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":340140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[7629,8052,7630,7992],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Price Prediction for Today, August 11: ADA Resumes Consolidation Above $0.54 Level<\/title>\n<meta name=\"description\" content=\"The Cardano price prediction shows that ADA touches a new daily high of $0.54 as the coin heads to cross above the channel.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/340139\" 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