ADA/USD Declines Below $0.35 Level

The Cardano price prediction reveals that ADA may find another support at $0.30 as the price goes down by 1.52% below the moving averages.

Cardano Prediction Statistics Data:

• Cardano price now – $0.324
• Cardano market cap – $11.1 billion
• Cardano circulating supply – 34.4 billion
• Cardano total supply – 35.1 billion
• Cardano Coinmarketcap ranking – #9

ADA/USD Market

Key Levels:

Resistance levels: $0.40, $0.45, $0.50

Support levels: $0.25, $0.20, $0.15

Looking at the daily chart, ADA/USD may drop further lower to hit the nearest support at the $0.30 level as the daily chart reveals that the Cardano price may go lower. Once the coin crosses below the lower boundary of the channel, the Cardano price may touch the critical supports at $0.30, $0.25, and $0.20.

Cardano Price Prediction: ADA Price Heads to the South

According to the daily chart, if the buyers can step back into the market, the Cardano price may cross above the 9-day and 21-day moving averages. Therefore, bulls could expect immediate resistance to be located around the upper boundary of the channel.

However, crossing above the channel may locate the higher resistance levels at $0.40, $0.45, and $0.50. Meanwhile, the technical indicator Relative Strength Index (14) crosses below the 40-level, which shows that the market price may drop more.

Against Bitcoin, the Cardano price is moving to the downside, likely to cross below the 9-day and 21-day moving averages. Therefore, should the price head towards the lower boundary of the channel, the market could hit the support level at 1500 SAT and below.

On the contrary, if the bulls could push the market towards the north, it may cross above the 9-day and 21-day moving averages to face the upper boundary of the channel. If successful, the Cardano price could reach the resistance level of 2500 SAT and above. More so, the technical indicator Relative Strength Index (14) confirms that the market is likely to face the downside as the signal line may cross below the 40-level.

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