Cardano

2024

Billion

Swing

The post <a href="https://coinpedia.org/price-analysis/cardano-analysis-ada-in-control-of-bear-power-after-0-42-rebound/">Cardano Analysis: ADA In Control Of Bear Power After $0.42 Rebound</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Cardano(ADA) faces a bearish trend with indicators revealing a new corrective phase. The popular proof-of-stake (POS) coin is facing mixed reviews by analysts but the price is shying to hit $0.47 or $5 again.&nbsp; 
Dropping over 22% in the past month, ADA has already hovered around the crucial support level of 0.457, a correction from here will invalidate any bullish bias. The Accumulation ratio can be seen decreasing in recent 4-hour candles. 
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The Liquidation ratio of ADA shows slightly increased long-term points it the VMWA( Volume waited moving average) is at 0.46 is also a concern.A&nbsp; balance or decrease can lead to a retracement.&nbsp; 
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<h2 class="wp-block-heading" id="h-cardano-price-prediction-nbsp">Cardano Price Prediction&nbsp;</h2> 
 ADA is currently trading at 0.455 with 24-hour growth of -0.83% and a trading volume of 328 million. With a market cap of 16.3 Billion USD, the crypto sloped to 10th rank on Coinpedia Markets.&nbsp; 
Technical analysis from Coinpedia Markets indicates a bearish sentiment. Volatility ranges high at 4.29% and closes at only 12 green days in 30 days. RSI at 25.73 is a clear sell indicator with only the long-term 50-day and 200-day SMA Cross showing a bullish trend.&nbsp; 
The trader can also find the drop as an entry point anywhere in the range near $0,4. The Coin’s historical downtrend has followed a similar pattern and has exploded very high.&nbsp; 
A prediction plotted for 2024 looks like Cardano (ADA) will range between $0.42 to $0.5, a best choice for Swing traders with prices consolidating majorly sideways.&nbsp;

Cardano Analysis: ADA In Control Of Bear Power After $0.42 Rebound

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