What we can say is that Cardano is currently worth $0.68 and it is expected to rise to $1.80. It is actually a good time to be invested in this coin because there is so much hype around this digital currency. It is now available on more exchanges because it is recognized as one of the best cryptocurrencies in the market.
This article will focus on Cardano price prediction and how the Cardano price will be pumped further. Cardano is a next-generation smart contract platform that is fully compatible with ADA, Cardano’s native token. Cardano’s main goal is to become the one true smart contract platform for financial smart contracts. By being a smart contract platform, Cardano will be able to provide a fast, secure and scalable solution for smart contracts. Cardano will be able to offer smart contracts that can handle up to 1,000 transactions per second and offer almost zero fees.Summary of the situation
- Cardano price to rise to $ 1,80
- The closest support is at 1.75
- Cardano’s price is facing resistance at $1.80.
Cardano’s stock price finally broke through the $1.70 level and strong bullish momentum took it to the $1.80 level. Over the past seven days, Cardano’s share price has risen more than 8.5%, showing continued upward momentum. However, the strong upward movement is giving way to volatile price movements. The broad crypto-currency market was bullish over the past 24 hours, with most major crypto-currencies posting gains throughout the time frame. Dogecoin and BNB were among the top performers, posting gains of 18.2% and 14.84%, respectively. Meanwhile, Bitcoin and Ethereum posted gains of 4.32% and 6.07%, respectively.
Technical data for ADA/USDT
As for the technical indicators, the MACD shows a decline in bullish momentum. Although the histogram is still green at the time of writing, its size has shrunk significantly as the price has steadily declined and currently sits just above the 0.45 mark. Although the 12-EMA is still above the 26-EMA, there is little difference between the two and they could show a reversal at any time. The RSI is currently in neutral territory, just below the 60.00 mark and giving no signals. The indicator has been in a neutral zone for the past 10 days. Currently, the RSI has made a jump into overbought territory, indicating that buyers are offering resistance. The Bollinger Bands are currently wide and will widen in the future as a result of the dark green candles. The widening of the bands suggests that the volatility of the Cardano price is increasing. Meanwhile, if price consolidates at the upper boundary rather than the midline of the range, price will tilt higher over the next few candles. Overall, the technical analysis on the 4-hour chart shows a very strong buy signal. 16 out of 26 leading technical indicators point to an upward movement. On the other hand, the zero indicators are giving sell signals, indicating a bearish pullback. Meanwhile, ten indicators remain on the sidelines, not supporting either side of the market. The 24-hour technical analysis confirms this sentiment and also gives a strong buy signal, as 15 of the 26 indicators point to an upward movement and only two indicators point to a bearish pullback. Nine indicators remain neutral and give no signal at the time of writing.
What to expect from the Cardanoprice
Share price chart at 4 hours of trading Cardano’s price is currently facing resistance at $1.80 per ounce, but the market is showing strong bullish sentiment. The short-term technical indicators support the bulls, while the medium-term technical indicator points to the potential for a strong upward move. Therefore, traders should expect the price to rise above $2.00. Traders can expect an upside breakout to $2.40 if current momentum holds. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.
Frequently Asked Questions
Will Ada reach $10?
The Cardano blockchain is an open-source project that is democratic and decentralised. Proof of Stake (PoS) is the consensus mechanism by which Cardano implements this, and it is the only known PoS scheme that can actually beat Proof-of-Work (PoW), in terms of energy consumption. The Cardano blockchain will have the potential to be one of the most energy-efficient blockchains in the world. Ada, the second most popular cryptocurrency (behind Bitcoin) saw a surge in price over the weekend of March 24, 2018—and it’s still only slightly down. Right now, it trades for $0.10, down from its all-time high of $0.72, according to Coinmarketcap.com. So, will Ada continue to rise? Or will it fall to $0.05? If you’re looking to find out, keep an eye on this article—and check in once a week to see how things are going.
Is Cardano a good investment 2020?
The Cardano project started on the 3rd of September, 2015. The coin was designed to create a cryptocurrency that is fast, scalable, and secure. The project has a set of guidelines, called a protocol, that allow for the development of smart contracts on top of the blockchain. Unlike other cryptocurrencies, Cardano also allows for users to create their own modules, called smart tools. In this article, we will explore the Cardano blockchain and how it has the potential to be the blockchain of choice for the future. We will also outline the current Cardano price prediction for 2020.
What is Cardano worth in 2025?
Cardano (ADA), is developing a new cryptocurrency that it hopes will be the first to solve what it calls the “three biggest challenges that hamper current cryptocurrencies”. Cardano is a smart contract platform and is similar to Ethereum. Cardano is a third generation blockchain that’s aiming to solve the scaling problems of the Bitcoin and Ethereum networks. It’s designed to be the most user-friendly, scalable and elegant blockchain ever created.