Skip to main content

Cardano Price Prediction: Will ADA Return to $0.4 Again?

 


The Cardano price could now return to the last local bottom at around USD 0.4 again. But could the ADA price fall even lower?


Cardano price was rejected at the golden ratio resistance

The Cardano price reached the price target of the golden ratio at around USD 0.58 , but was strongly rejected and even broke the 50-day EMA support at around USD 0.514. In addition, the histogram of the MACDs in the daily chart is ticking bearishly lower and the MACD lines are also crossed bearishly. The RSI is neutral.


Cardano thus also broke through both Fibonacci supports at around USD 0.52 and USD 0.47 and the ADA price is currently finding horizontal support at around USD 0.45. The ADA course must overcome the Fibonacci resistances at around USD 0.5 and USD 0.54 for the correction to end. Otherwise, Cardano could return to the USD 0.4 mark again.


Will the Cardano price find its bottom at around USD 0.4?

Now the histogram of the MACDs in the weekly chart is also beginning to tick bearishly lower. However, the MACD lines are still bullishly crossed and the RSI is neutral. Still, the bearish rejection on the golden ratio with the sharp drop is very bearish and points to even deeper lows as it confirms the bear trend.


If the ADA price bounces off the USD 0.4 mark for a third time, there is still a chance that Cardano will try again to break the golden ratio at around USD 0.58.

Otherwise, the ADA price could fall to around USD 0.34, because that is where it finds the next significant support. If Cardano also breaks this support, significant support will wait for Cardano again between USD 0.139 and USD 0.155.


Also, on the monthly chart, the MACD lines are still bearish crossed over, but the histogram is starting to tick bullishly higher this month. If it closes bullish, it would be the first indication of a bullish trend reversal. However, if Cardano now drops to $0.4 or even lower, the histogram will most likely close on a bearish note.


Against BTC, Cardano was bearishly rejected at the 0.382 Fib resistance

Against BTC, the ADA course was bearishly rejected at the 0.382 Fib resistance around 0.000024 BTC and subsequently finds significant support around 0.000021 BTC. If the ADA price breaks this support, Cardano could revisit the 50-month EMA around 0.0000195 BTC. In addition, ADA finds support there on Golden Ratio.


Otherwise, significant support awaits the ADA course between 0.00001225 and 0.000016 BTC. Furthermore, the MACD histogram is still ticking bullish higher while the MACD lines remain bearish crossovers and the RSI is showing neutral.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more