{"id":349089,"date":"2022-10-01T16:36:00","date_gmt":"2022-10-01T20:36:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=349089"},"modified":"2022-10-02T19:47:07","modified_gmt":"2022-10-02T23:47:07","slug":"cardano-price-prediction-ada-usd-keeps-following-the-bearish-movement","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-ada-usd-keeps-following-the-bearish-movement","title":{"rendered":"Cardano Price Prediction: ADA\/USD Keeps Following the Bearish Movement"},"content":{"rendered":"<p>The Cardano price prediction needs to stage a meaningful short-term rally, if not; the cryptocurrency may see a worrying decline.<\/p>\n<h2>Cardano Prediction Statistics Data:<\/h2>\n<ul>\n<li>Cardano price now &ndash; $0.43<\/li>\n<li>Cardano market cap &ndash; $14.7 billion<\/li>\n<li>Cardano circulating supply &ndash; 34.2 billion<\/li>\n<li>Cardano total supply &ndash; 34.9 billion<\/li>\n<li>Cardano Coinmarketcap ranking &ndash; #8<\/li>\n<\/ul>\n<h2>ADA\/USD Market<\/h2>\n<p>Key Levels:<\/p>\n<p>Resistance levels: $0.52, $0.54, $0.56<\/p>\n<p>Support levels: $0.37, $0.35, $0.33<\/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\" target=\"_self\" rel=\"nofollow\"><span style=\"color:#000000;padding:0px 24px;font-size:18px;line-height:36px;border-color:#fbc14e;border-radius:9px;text-shadow:none\"> <strong>Buy Cardano Now<\/strong><\/span><\/a>\n<\/p><p style=\"text-align: center;\">Your capital is at risk<\/p>\n<p>ADA\/USD is seen breaking many supports after a bullish rally failed to come to play. The early daily rally towards the 9-day moving average failed to generate sustainable gains to the upside. Meanwhile, the longer that this coin fails to rally from current trading levels, the greater the chance that traders may see the <a href=\"https:\/\/insidebitcoins.com\/news\/ada-faces-critical-support-at-0-40-as-tama-goes-bullish\">cryptocurrency<\/a> falling to a new trading low.<\/p>\n<h2>Cardano Price Prediction: Cardano (ADA) May Touch the $0.40 Support<\/h2>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-ada-declines-below-0-44-support\">Cardano price<\/a> may remain below the 9-day and 21-day moving averages. However, a break below the $0.40 support level may likely provoke a dip fall towards the support levels at $0.37, $0.35, and $0.33. Moreover, the technical indicator Relative Strength Index (14) is moving to cross below the 40-level, suggesting a bearish movement for the market.<\/p>\n<p>Nevertheless, the daily chart reveals that buyers may need to energize the market by breaking above the moving averages. However, any further bullish movements above the upper boundary of the channel could locate the resistance levels of $0.52, $0.54, and $0.56, and a move above these levels may encourage further Cardano buying.<\/p>\n<p>Against Bitcoin, ADA is consolidating below the 9-day and 21-day moving averages and it is likely for the coin to follow the upward movement if the bulls push it to the upside. Looking at the technical indicator, the Relative Strength Index (14) is moving in the same direction above the 40-level.<\/p>\n<figure id=\"attachment_349091\" aria-describedby=\"caption-attachment-349091\" style=\"width: 1062px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-349091\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/ADABTC_01102022.png\" alt=\"\" width=\"1062\" height=\"537\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/ADABTC_01102022.png 1062w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/ADABTC_01102022-300x152.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/ADABTC_01102022-1024x518.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/10\/ADABTC_01102022-768x388.png 768w\" sizes=\"(max-width: 1062px) 100vw, 1062px\"><figcaption id=\"caption-attachment-349091\" class=\"wp-caption-text\">ADABTC &ndash; Daily Chart<\/figcaption><\/figure>\n<p>Meanwhile, if the coin continues to move near the lower boundary of the channel, it could hit the support at 2000 SAT and below, which could establish a new low for the market. On the contrary, the resistance level could be found at 2500 SAT and above should the bulls push the coin above the moving averages.<\/p>\n<p>View the latest <a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" rel=\"nofollow\">ADA price<\/a>&nbsp;on CoinCodex.<\/p>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Cardano price prediction needs to stage a meaningful short-term rally, if not; the cryptocurrency may see a worrying decline. Cardano Prediction Statistics Data: Cardano <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/cardano-price-prediction-ada-usd-keeps-following-the-bearish-movement\" title=\"Cardano Price Prediction: ADA\/USD Keeps Following the Bearish Movement\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":349090,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[7629,8052,7630,7992],"class_list":["post-349089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-ada","tag-adausd","tag-cardano","tag-technical-analysis"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano Price Prediction: ADA\/USD Keeps Following the Bearish Movement<\/title>\n<meta name=\"description\" content=\"The Cardano price prediction needs to stage a meaningful short-term rally, if not; 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