TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Cardano Price Needs to Hold These Major Levels! ADA Price Forecast 2021

by souhaib
June 24, 2021
in Cryptocurrency
0
Cardano Price Needs to Hold These Major Levels! ADA Price Forecast 2021
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

Why is Bitcoin Down Today?

Opt for These Metaverse Projects in July 2022

ADA can fall as low as $0.20 if it fails to recover

Bitcoin has failed to break through critical barrier levels yet again, fueling negative sentiments. While Bitcoin’s fear, uncertainty, and doubt remain strong, this has had a significant impact on Altcoins.

Altcoins are trending in the opposite direction of market expectations, causing panic among investors. Although significant investors like MicroStrategy continue to “buy the dip,” crypto analysts remain divided regarding the market’s short and mixed direction.

Altcoin has not been immune to the crypto market’s current sell-off. Its value has plummeted by over 45 percent since its all-time high. Cardano Price is failing to construct primary support at $1 as a result of the enormous freefall. 

Cardano Price Outlook

The increase in volume as Cardano approaches the 1.20 support zone suggests that new lows could be reached, possibly in the 0.84 to 0.94 range.

If the bears break through $1.07, the first key support is at $1.00. Support can be found at $0.913, $0.847, $0.8, and $0.75. The important support level for ADA, according to the pivot point, is $1.10. If it does go higher, though, the crucial resistance level to watch is $1.70. The first resistance level, on the other hand, is $1.20. Following that are $1.30, $1.42, and $1.50. 

The bulls’ attack on the resistances at $1.4 and $1.8, respectively, looks to be validated by the Relative Strength Index (RSI) rebound from the oversold region. The bullish narrative will be bolstered with a daily close above the 200 Simple Moving Average (SMA).

Also Read : Dogecoin Price Aims At 26% Upswing, Programmed To Hit $0.3!

Final Thoughts

The Cardano price appears to be on the verge of breaking through its crash low of $1; at this point, the bearish impulse must halt and reverse back higher, allowing for some short-term relief. However, if the pessimistic narrative persists, the prices will continue to fall.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

WNBA star Nneka Ogwumike’s Olympic snub draws fierce rebuke

Next Post

Trailer for Prince Harry and Meghan Markle movie has been branded ‘cringeworthy’ by critics

souhaib

Recommended For You

Why is Bitcoin Down Today?

by souhaib
August 12, 2022
0

The price of Bitcoin (BTC) has declined substantially over recent months, thanks to significant instability in cryptocurrency markets. BTC is hanging around $21,000, down 10% over the last...

Read more

Opt for These Metaverse Projects in July 2022

by souhaib
August 6, 2022
0

Everybody’s talking about the Metaverse! They cannot help it! It garners attention, without even trying! Print media, social media, and word-of-mouth advertising, harp on it! In turn, this...

Read more

ADA can fall as low as $0.20 if it fails to recover

by souhaib
August 6, 2022
0

The price of Cardano (ADA) has validated the last week’s bearish trade setup. This is because now the bears are in profit by nearly 12 per cent. It...

Read more

Will Crypto market & BTC begin strong recovery in 2022

by souhaib
August 6, 2022
0

Will the price of crypto continue to go up? This is probably one of the most important questions that people who use cryptocurrencies are thinking about right now....

Read more

The touch of cryptocurrency is NFTs!

by souhaib
August 6, 2022
0

The non-fungible tokens are unique data stored on Blockchain technology with immutable features. Moreover, once the data is created into the non-fungible tokens is not going to be...

Read more
Next Post
Trailer for Prince Harry and Meghan Markle movie has been branded 'cringeworthy' by critics

Trailer for Prince Harry and Meghan Markle movie has been branded 'cringeworthy' by critics

No Result
View All Result

Recent Posts

  • #AMLOTrackingPoll Approval of AMLO, August 19
  • On-line shop internet site metrics and how to observe them
  • These 2 Shares Are Sending a Bullish Signal
  • Live a Healthy Lifestyle & Long Life Secrets Reviews 2022
  • The euro falls due to the strength of the dollar in the face of risk aversion

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide