This suggests that the average price over the past 200 days is higher than the current price of ADA. On the 4-hour timeframe chart, the 200-day MA of ADA is valued at $0.348. This indicates that the short-term trend of ADA has turned bearish.įurthermore, it is worth noting that the ADA coin price remains below the 200-day MA. The price is approaching a retest of the 50-day Moving Average (MA) from above, which is situated at approximately $0.339. The net price of ADA on the 4-hour timeframe chart is currently exhibiting a downtrend. Consequently, the net ADA price is currently experiencing a downtrend. As a result, sellers took advantage of the situation and initiated short positions on the asset. The price of Cardano’s ADA coin faced resistance just below $0.30 and was unable to surpass this level despite several attempts by buyers. Read more Cardano news Cardano Price Prediction for the Next 6 HoursĬardano Price for the Next few Hours will be in the range of 0.290 and 0.300 Cardano Price Prediction – Technical Analysis, June 23rd These options provide users with the opportunity to buy or sell ADA at a predetermined price in the future. This new offering allows users to engage in trading options based on the price of ADA. The cryptocurrency derivatives exchange, BIT, has introduced options linked to Cardano’s ADA token.The Cardano Foundation has announced that there is only one week left for NFT collection submissions for projects building on Cardano, with a focus on the theme of Blockchain for Social Impact. Article Coverage: Performance Summary, Latest Cardano News, Cardano Technical analysis, Cardano Price Prediction Today, Is Cardano a Good Investment, Will Cardano Reach $500, $100? Cardano Price Prediction 2023-2030
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