Buscar
Elementos generales
Palabras exactas
Búsqueda en el título
Búsqueda en el contenido
Búsqueda en el resumen
Filter by Categorías
Crypto News Noticias Criptomonedas
Noticias Ethereum
Token Alertas
NFT news Noticias de NFTs
Videos Crypto World Alerts
Best Crypto Sport Gaming
Tenemos empleo Criptomonedas
Noticias de Allmedgroup

Noticias de Ethereum Can ADA Reclaim Its Momentum?

Curador Noticias Crypto

Soy el curador de las Noticias Crypto de CryptoWorldAlerts. Si el documento o el contenido infringe cualquier derecho de autor, por favor señálelo en comentarios y será rápidamente borrado. A todos los artículos les incluimos el link del Recurso que consta como Source Link Si el presente artículo, video o foto intrigue cualquier derecho de autor por favor señálelo al correo del autor o en la caja de comentarios.


Story Highlights

  • Cardano’s price fails to hold its $1 mark.
  • The ADA price records a strong bearish reversal and drops ~14% today.
  • Technical indicators experience a bearish convergence, however, a potential bullish reversal can be expected.

The cryptocurrency market has turned bearish this week with top tokens recording a significant drop in their respective portfolios. Moreover, with Bitcoin price dropping ~6%, the Cardano price has plunged below its $1 mark.

With the ADA price maintaining its value above the $0.90 mark, will it make a comeback this week? Or will the altcoin plunge toward its lower support levels?

ADA Price Breaks Down Its $1 Mark!

The Cardano price has recorded a correction of 13.82% in 24 hours with a trading volume of $3.224 billion. This has resulted in this altcoin plunging below its important psychological barrier of $1 this week. Moreover, it is currently exchanging hands at $0.9139.

ADA Price Breaks Down Its $1 Mark!
  • Facebook
  • Twitter
  • LinkedIn
TradingView: ADA/USDT

The SMA indicator is on the verge of experiencing a bearish convergence in the 1D time frame. This indicates an increase in the selling-over-buying pressure in the cryptocurrency market.

Further, the Relative Strength Index (RSI) hints at a potential plunge below the overbought range. Moreover, its average trendline displays a similar price trend. This suggests a negative outlook for the altcoin this week.

How High Can ADA Price Go?

If the bears continue maintaining momentum, the Cardano token will retest its support level of $0.90. Further, if the bearish sentiment intensifies, this could pull the ADA coin price toward its lower support level of $0.80 in the upcoming time.

On the positive side, if a bullish trend reversal occurs, the Cardano price could reclaim the psychological mark of $1. Moreover, if the bulls gain momentum, this altcoin could head toward its upper resistance level of $1.20.

What’s next for the ADA token as it achieves the $1 mark? Read CoinPedia’s Cardano Price Prediction and also subscribe to us to stay updated on the latest crypto-related news!

FAQs

What is the price prediction for Cardano in 2025?

With the current price volatility, the ADA token could surpass the $2 mark with a potential high of $2.42.

What price will ADA be in 5 years?

If the adoption process of this technology intensifies, this could push the Cardano price toward its high of $7.79.

Will Cardano hit $2?

The ADA coin may achieve this target price in 2025.



Link del artículo original
Si el presente artículo, video o foto intrigue cualquier derecho de autor por favor señálelo al correo del autor o en la caja de comentarios.

SPECIAL REPORT

Crypto Review

PUBLICIDAD

Share This