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$ADA Cardano Price Prediction

 


In our last Cardano Price Prediction , we wrote that the price now has the last support before the price drops to $0.40. So far, Cardano price has held this support, which is why we do not expect the price to drop to $0.40 just yet. But how could things continue in the near future after some time has passed? 


After the course crashed, the Cardano course calmed down a bit and formed a symmetrical triangle. The price is currently at the lower trendline, which is why we expect the Cardano price to rally to the upper resistance in the near future. Thus, the price could be around $1.09 in the next few days and see a price increase of around 6%. After that, however, an eruption could occur. But will the price break out bullish or bearish?


The Cardano course is more likely to break down. The reason for this is a symmetrical triangle, which was formed after a descent. Symmetrical triangles are continuation patterns. Since symmetrical triangles don't have a high probability of breaking in one direction, in which case it's about 60% that we break down, we don't completely rule out breaking up. For now, we anticipate a bearish breakout. If this happens, Cardano price will break the $1 support. After that, we expect a retest to confirm the support as resistance. After that, it could steadily head towards $0.40.

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