- \n
- Cardano price now – $0.52<\/li>\n
- Cardano market cap – $17.7 billion<\/li>\n
- Cardano circulating supply – 35.6 million<\/li>\n
- Cardano total supply – 36.8 billion<\/li>\n
- Cardano CoinMarketCap ranking – #10<\/li>\n<\/ul>\n
ADA\/USD Market<\/h2>\n
Key Levels:<\/p>\n
Resistance levels: $0.70, $0.75, $0.80<\/p>\n
Support levels: $0.35, $0.30, $0.25<\/p>\n
![\"Cardano](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/ADAUSD_06042024.png\")
ADAUSD – Daily Chart<\/figcaption><\/figure>\n The Cardano price is attempting to cross above the 21-day moving average while the $0.45 support level remains the critical support. However, for the past few days, ADA\/USD<\/a> has been hovering above the 9-day moving average, and this could push the coin to gain more upsides.<\/p>\n
Cardano Price Prediction: Will Cardano Move Higher?<\/h2>\n
The Cardano price may continue to rise and could probably trade near the upper boundary of the channel if the bulls defend the $0.52 level. Therefore, any further bullish movement above the channel may push the price to the potential resistance levels of $0.70, $0.75, and $0.80.<\/p>\n
Therefore, this technical analysis may be invalidated if the bears break below the channel’s lower boundary, which could hit the support levels at $0.35, $0.30, and $0.25. Meanwhile, the 9-day moving average remains below the 21-day moving average, which could bring bearish signals into the market.<\/p>\n
ADA\/BTC Remains at the Downside<\/h2>\n
Against Bitcoin, the Cardano<\/a> hovers within the 9-day and 21-day moving averages as the coin touches the resistance level of 782 SAT. However, any further bullish movement toward the upside may create additional gains for the market.<\/p>\n
![\"Cardano](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/ADABTC_06042024.png\")
ADABTC – Daily Chart<\/figcaption><\/figure>\n Nevertheless, if the buyers increase the buying pressure, higher resistance could be located at 1000 SAT and above. Looking at the daily chart, the 9-day MA is likely to cross above the 21-day MA, indicating that buyers are coming to play. Meanwhile, should the bulls fail to move the current market value to the upside, bears may return to the market, and the nearest support level could be located at 600 SAT and below.<\/p>\n
@Eilert shared on X (formerly Twitter) with his followers that during the last retest of the bull market support band, $ADA took nearly 12 weeks to reclaim its position above it. Currently, we’re only in week 2. In the meantime, take a breather and immerse yourself in exploring the #Cardano ecosystem before its potential explosion.<\/p>\n
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The last time $ADA<\/a> retested the bull market support band, it took almost 12 weeks to get back above it. <\/p>\n
We're now on week 2.<\/p>\n
Meanwhile, just relax and spend time getting to know the #Cardano<\/a> ecosystem before it blows up. pic.twitter.com\/C9HBAlRp9t<\/a><\/p>\n
— Eilert (@Eilert) April 24, 2024<\/a><\/p><\/blockquote>\n