Token

Cardano

<p>The post <a href="https://coinpedia.org/price-analysis/cardano-price-records-bearish-signals-ada-price-to-retest-0-41/" rel="noopener noreferrer nofollow">Cardano Price Records Bearish Signals! ADA Price To Retest $0.41?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">BTC price</a>, fails to hold its value above the $62K mark, highlighting a weak bullpower in the crypto space. Moreover, top altcoins record a similar trend with ETH price constantly struggling to hold its price above the $3,000 mark.</p>
<p>On the other hand, the Cardano (ADA) price has displayed a jump of approximately 5% within the past day and 4.34% over the past seven days, indicating a rising bullish influence for the altcoin in the market.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="h-cardano-token-displays-a-mixed-sentiment">Cardano Token Displays A Mixed Sentiment:</h2>
<p>The <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">ADA price</a> displayed a bearish price action for the first month by recording a correction of approximately 22% in valuation. Following this, the bulls regained momentum, the Cardano token jumped 67.24% and recorded a yearly high of $0.7750 by mid-March.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/FTOLT87trMNQWeXes35yPfSC1c2i71-tSGnD3QNAmRBwds212ffa6YewDwgv6dFDKSdj5RgoxxU3CqXlt3nXHSngtKU8ZGSx7fxM6tBzF1hUxy9oU99KAIKIQNAqHlMATjW9ScK9lVo_j8zchX2ifSc" alt="ADA Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ADA/USDT
 </figcaption>
</figure>
<p>However, as the volatility increased the bulls lost momentum and started trading under a negative influence and recorded a correction of 46.19% in its portfolio. Since then, the <a href="https://markets.coinpedia.org/cardano/" rel="noopener noreferrer nofollow">Cardano token</a> has been trading in a closed range between $0.4170 and $0.4950.</p>
<p>Negatively, the Cross EMA 50/200-day displays a high possibility of a Death Cross in the 1D time frame, highlighting a potential bearish price action in the coming time.</p>
<p>On the other hand, the technical indicator, MACD, displays a constant green histogram, indicating a bullish influence in the crypto space. Moreover, the averages show a rising pattern, suggesting the price will continue gaining value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-ada-go-up">Will ADA Go Up?</h2>
<p>If the bulls regain momentum, the price will test its resistance level of $0.4950. Maintaining the price at that level will set the stage for the ADA coin price to test its upper resistance level of $0.5690 in the coming time.</p>
<p>Conversely, if the bears overpowered the bulls, the price would plunge toward its crucial support level of $0.4170 this month.</p>

Cardano Price Records Bearish Signals! ADA Price To Retest $0.41?

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