Cardano price prediction shows that it will move closer to the 9-day and 21-day moving averages and reach the $0.50 resistance level. Cardano prediction statistics are as follows: Cardano is currently priced at $0.47, with a market capitalization of $15.9 billion, a circulating supply of 33.734 billion, a total supply of 34.2 billion, and a Coinmarketcap ranking of 8th. The key levels in the ADA/USD market are as follows: resistance levels are $0.75, $0.85, and $0.95, and support levels are $0.20, $0.10, and $0.05. The bulls are trying to push the ADA/USD price above the 9-day and 21-day moving averages, and the technical indicator Relative Strength Index (14) shows that the market may usher in a positive trend as the signal line moves towards the 40 level. Cardano price prediction believes that if the price breaks through the $0.50 resistance level, it may continue to move upward and cross the 9-day and 21-day moving averages. Therefore, the nearest resistance levels are located at $0.75, $0.85, and $0.95 respectively, while a fall to the lower boundary of the channel could hit the support levels of $0.20, $0.10, and $0.05, which would give a weak bullish volume. Compared to Bitcoin, Cardano price is moving towards the 9-day moving average, and the bulls may push the coin price in a positive direction. If the market price declines and falls to the lower boundary of the channel, the next support level may appear at 1400 SAT, and further key support is located below 1300 SAT if the sell-off becomes huge. However, if the bulls push the price back above the 9-day moving average, Cardano may face the upper boundary of the channel. Further bullish movement may hit the potential resistance level of 1900 SAT and above, while the signal line of the Relative Strength Index (14) exceeds the 30 level, which will continue the bullish movement. On the other hand, if it falls below this level, it may bring more bearish pressure on the market. Read more: How to buy cryptocurrency. Join our Telegram channel for the latest breaking news coverage.
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