• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Cardano Price

What’s Next For Cardano Price As It Auctions At $0.31?

anushsamal by anushsamal
2 months ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

The Cardano price continues to suffer a downtrend throughout the month of November. Over the last 24 hours, ADA registered a 0.6% depreciation. ADA’s next upcoming trading sessions remain crucial as the market is expected to move out of lateral trading.

Depending on how quickly it breaks through its current resistance. The bears continue to pull down the price level. Bears will continue to succeed if ADA doesn’t claim the $0.36 price.

A buying resurgence could help ADA move upwards, marking the start of bullish price action. Continued demand for the coin can also potentially form a rally. The overhead hurdle of $0.32 remains crucial for the altcoin. Today’s global cryptocurrency market cap is $879 billion, with a 0.0% change in the last 24 hours.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!
Related Reading: Uniswap Price Struggles At $5.49, Will There Be A Run Up To $6?

Cardano Price Analysis: One-Day Chart

Cardano Price
Cardano was priced at $0.31 on the one-day chart | Source: ADAUSD on TradingView

ADA was exchanging hands at $0.31 at press time. Over the last 24 hours, Cardano’s price witnessed an increase in buying pressure. Immediate resistance for ADA is awaited at $0.32. After overtaking the aforementioned price mark and flipping it into a support floor, there are chances of ADA appreciating by 18%.

Moving above the $0.32 price mark will propel the asset price to $0.36 first and then to $0.38. On the flip side, if ADA cannot break past the $0.31 level, it will cause the coin to fall to $0.29. The amount of Cardano exchanged in the past session was in green, indicating that demand grew for the altcoin.

Technical Analysis

Cardano Price
Cardano registered an uptick in buying strength on the one-day chart | Source: ADAUSD on TradingView

Since November 26, the coin has registered a slight growth in buyers. The Relative Strength Index shot slightly past the 40-mark, noting a slight increase in demand.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

The buying strength, however, continues to be neutral. The price of the altcoin was below the 20-Simple Moving Average. This reading indicated that the selling pressure continues to dominate as sellers drive the market’s price momentum.

Cardano Price
Cardano depicted downward movement on the one-day chart | Source: ADAUSD on TradingView

ADA has also witnessed mixed signals on the one-day chart. Per the buying strength, the Awesome Oscillator also started to depict positive price action. The green signal bars on AO were the buy signal for the coin.

On the other hand, the Parabolic SAR signaled that downward price movement. The dotted lines were above the price candlestick, indicating that the bears continue to drive the price action in the market. ADA must cross the $0.32 threshold for bullish forces to take over.

Related Reading: Bitcoin Price Recovery; Vital Levels To Keep An Eye On
Featured Image From UnSplash, Charts From TradingView
Tags: ADAUSDTCardanocrypto
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
anushsamal

anushsamal

Related Posts

Aptos Records 415.80% Jump in 30 Days: OP, AUDIO, MEMAG & FGHT to Follow Suit

Aptos Records 415.80% Jump in 30 Days: OP, AUDIO, MEMAG & FGHT to Follow Suit

2 hours ago
bitcoin price bull

Bitcoin Spiked to $23,960, But Traders Are Not Very Greedy

7 hours ago
Solana

What’s Next For Solana As Bulls Face Rejection At $25?

8 hours ago
Bitcoin Mining

This Level Could Be Crucial For Bitcoin, PoW Pricing Model Suggests

9 hours ago
cream finance

Cream Finance Exploiter Moving Funds Over 16 Months After Hack, Here’s Why

10 hours ago
Gala Games 2023

Gala Games Plans for Mobile Gaming, GALA To Be The Primary Token

12 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

New to Crypto? Don’t Miss Out on Cardano (ADA) and Orbeon Protocol (ORBN)

January 31, 2023

Real-World Gaming Village: How Undercity is Changing VR Gaming Forever

January 31, 2023

“Gold has been the best performing investment asset over the last two decades”: an interview with Easygold

January 30, 2023

The Crypto Dream Team: Binance Coin (BNB), Polygon (MATIC) and Orbeon Protocol (ORBN)

January 30, 2023

Polygon (MATIC) and Fantom (FTM) Are Losing Favor With Investors As They Turn To Snowfall Protocol (SNW) For 1000x Potential Gains!

January 30, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.