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Cardano Price Prediction for Today, May 3: ADA Hits $0.75 Support

The Cardano value prediction continues to slide beneath the 9-day and 21-day shifting averages after touching the each day excessive of $0.79.

ADA/USD Market

Key Levels:

Resistance ranges: $1.10, $1.20, $1.30

Support ranges: $0.52, $0.42, $0.32

Cardano Price Prediction
ADAUSD – Daily Chart

Looking on the each day chart, ADA/USD continues to hover beneath the 9-day and 21-day shifting averages. The Cardano value might slide beneath the closest help at $0.75 if the bears improve the bearish momentum. However, if the sellers proceed to take cost, the coin could also be dropping momentum to the decrease aspect of the channel together with a possible value surge. Meanwhile, the technical indicator Relative Strength Index (14) faces the oversold area and should proceed to challenge promote indicators.

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Cardano Price Prediction: ADA Price May Continue to Move Down

According to the each day chart, the Cardano value is shifting down beneath the 9-day and 21-day shifting averages because the coin faces the decrease boundary of the channel. However, if the coin decides to keep below the management of bears, the Cardano value might seemingly drop extra to hit the closest helps at $0.52, $0.42, and $0.32 respectively. On the upside, for the market to create an uptrend, the bulls want to push the market value above the 9-day and 21-day shifting averages earlier than finding the potential resistance ranges at $1.10, $1.20, and $1.30.

ADA/BTC Market: Cardano Price Stays on the Downside

Against Bitcoin, the Cardano value is seen sliding beneath the 9-day and 21-day shifting averages inside the channel the place the value is anticipated to break in the direction of the decrease boundary of the channel. However, ought to the value transfer to create a brand new low round 2000 SAT, the market may expertise extra downtrends which will hit the important thing help degree of 1700 SAT and beneath.

ADABTC – Daily Chart

On the opposite, if the bulls may handle and push the market above the shifting averages, the Cardano value might attain the resistance degree of 2400 SAT and above. More so, the technical indicator Relative Strength Index (14) confirms that the market is been managed by the sellers because the sign line stays inside the oversold area.

Read extra:

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