The price of Cardano has lately increased after plunging below $0.30 at the beginning of the year and reaching a low of $0.24. After a retracement, it is trading at $0.2645 with a 24-hour trading volume of over $200 million and a market capitalization of $9.3 billion.
If the comeback continues and ADA goes above $0.30, Cardano could pass Dogecoin as the eighth largest cryptocurrency by market capitalization.
Today’s Cardano Price
| DATE | ADA | USD |
|---|---|---|
| Today | 01 | 0.3162745 |
Cardano’s price has lately increased after falling below $0.30 and reaching a low of $0.24 at the start of the year. Following a retracement, it is currently trading at $0.2645 with a market capitalization of $9.3 billion, a 24-hour trading volume of approximately $200 million, and a price of $9.3 billion.
Cardano Price Prediction
If the rally continues and ADA goes above $0.30, Cardano could pass Dogecoin as the eighth-largest cryptocurrency by market capitalization.
The emergence of an inverted H&S pattern is bullish and suggests a change in trend to thside. The pattern’s validity is bolstered by a breakout over the neckline resistance. Cardano’s pricing has already validated H&S prediction of an 11.7% increase to $0.29.
ADA Price Forecast
After reaching a weekly high of $0.27, the price of Cardano is backtracking steadily. Meanwhile, bullish traders anticipate a rebound from the 100-day EMA near $0.26.
The 200-day exponential moving average (in purple) and $0.29 are strong exit points for long positions in Cardano, respectively. Conservative investors may wait until ADA reaches $0.30 and, ideally, $0.33 before investing.
Even though Cardano’s price has dropped a bit from its weekly high, the Moving Average Convergence Divergence (MACD) indicator shows that it is still going up.
cardano price prediction today
As long as the MACD stays in positive territory, the ADA rebound will keep going.
Some investors, especially those who have between 10,000 and 100,000 coins in their wallets, aren’t worried about the idea of a longer crypto winter.
ada price prediction this week
According to on-chain data from Santiment, this address tier now controls 11.66% of Cardano’s supply, up from 10.48% roughly six months ago.
Increases in the Supply Distribution statistic indicate an improvement in investor sentiment. In other words, they foresee a significant increase in Cardano’s price within the next few weeks or months. The price of ADA is typically influenced by positive dynamics, which are frequently propelled by a rise in demand.
