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Market Overview

Rank

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Price

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30d Change

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All-Time High

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Price: [coinmc type="price"]
Market Cap: [coinmc type="marketcap"]
24h Volume: [coinmc type="volume"]
Available Supply: [coinmc type="supply"]
Total Supply: [coinmc type="totalsupply"]
All-Time High: [coinmc type="ath"] ([coinmc type="athdate"])
Change Since ATH: [coinmc type="changeath"]
Days Since ATH: [coinmc type="dayssinceath"]
24h Change: [coinmc type="change"] ([coinmc type="changetext"])
1h Change: [coinmc type="change1h"] ([coinmc type="changetext1h"])
7d Change: [coinmc type="change7d"] ([coinmc type="changetext7d"])
30d Change: [coinmc type="change30d"] ([coinmc type="changetext30d"])

Technical Analysis

The momentum on Cardano price favours the buyers to be in control above $0.745 pivot level. That will likely result in the first resistance being established at $0.790. Clearing that barrier will signal a strong bullish hold, which could potentially take the action higher to test $0.800.

Alternatively, going below $0.745 will signal a return to the downward momentum. In that case, Cardano price will likely find its first support at $0.742. The upside narrative will be invalid if the price breaks below that level. Furthermore, the resulting momentum could send the coin lower to test $0.740.

[coinmc type="name"] Calculator

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Market Data

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Price Chart

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Price Prediction

Cardano price has been trading sideways for the most part in the last week and a break above the $0.750 barrier could trigger a stronger upward momentum. The coin is on a three-day winning streak and has gone above the Volume Weighted Moving Average (VWMA) on the daily chart. In addition, the Money Flow Index (MFI) reading is at 57 on the daily timeframe, adding credence to the upward sentiment.

If it holds the $0.750 support, ADA price could build the momentum to reclaim the $0.800 mark in the near-term. Conversely, a slide back below that level could see it return to the previous $0.697-$0.746 range.

Historical Data

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In Summary

The momentum on Cardano price signals a likely continuation of the upside. It has an underlying positive sentiment, following its inclusion in the proposed strategic Federal cryptocurrency reserve.

In addition, President Donald Trump's son, Donald Trump Jr is scheduled to speak at the DC BlockChain Summit to be hosted by Cardano Founder, Charles Hoskinson. This set up could provide support for ADA price gains in the coming days. The coin has the potential to reclaim the psychological $1 mark, but will likely face resistance at $0.800 and $0.900.

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