ADA Price Prediction – Here’s Why Cardano Could Dump To $0.50

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	16,950,415,563	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

16,950,415,563

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.01165	-2.36%	0.4829	0.4829	0.483

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.01165

-2.36%

0.4829

0.483

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4953	0.4747	0.494	0.49455	0.216009 - 0.810200

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4953

0.4747

0.494

0.49455

0.216009 - 0.810200

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:40:56	15.41	0.4829	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

16:40:56

15.41

0.4829

USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,978,024.80	12,330,487.53	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

5,978,024.80

12,330,487.53

ADA Price Prediction – Here’s Why Cardano Could Dump To $0.50

05/04/2024 6:28am

NEWSBTC

Cardano (ADA) is moving lower below the $0.620 resistance zone. ADA could gain bearish momentum and decline toward the $0.50 support. ADA price is slowly moving lower from the $0.670 zone. The price is trading below $0.620 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.6008 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.560 support. Cardano Price Reaches Key Support In the past few days, Cardano saw a steady decline from the $0.670 resistance zone, like Bitcoin and Ethereum. ADA price declined below the $0.650 and $0.620 levels to enter a bearish zone. It even declined below $0.580 and tested $0.560. A low is formed at $0.5592 and the price is consolidating losses. It tested the 23.6% Fib retracement level of the downward move from the $0.6701 swing high to the $0.5592 low. ADA price is now trading below $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.6010 zone. There is also a key bearish trend line forming with resistance at $0.6008 on the 4-hour chart of the ADA/USD pair. The first resistance is near $0.6150 or the 50% Fib retracement level of the downward move from the $0.6701 swing high to the $0.5592 low. The next key resistance might be $0.6280. If there is a close above the $0.6280 resistance, the price could start a strong rally. Source: ADAUSD on TradingView.com In the stated case, the price could rise toward the $0.6550 region. Any more gains might call for a move toward $0.670. More Losses in ADA? If Cardano’s price fails to climb above the $0.6150 resistance level, it could continue to move down. Immediate support on the downside is near the $0.560 level. The next major support is near the $0.520 level. A downside break below the $0.520 level could open the doors for a test of $0.50. The next major support is near the $0.4880 level. Technical Indicators 4 hours MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.5600, $0.5200, and $0.4880. Major Resistance Levels – $0.6150, $0.6280, and $0.6700.

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ADAUSD Cardano