Cardano [ADA] Technical analysis and Price prediction 2018, 2020
Cardano [ADA] has fallen over 95% in the last two days. The bear storm of the crypto market seems to have affected the coin which currently exhibits a bearish momentum.
ADA prices found support at $0.091 and are currently exhibiting a downtrend. ADA seems to be approaching the current resistance level set at $0.095. A break out from the resistance level would let the price resume an uptrend. The 100 EMA line trading at $0.0972 exhibits a downtrend. The MACD is in the bearish zone. The local support level is found at $0.88 but the increasing buyer pressure is keeping the prices away from reaching it. ADA is currently trading at $0.0945 and is gaining against USD by 2.92%.
Currently, ADA is losing against BTC by 2.43%. At the time of writing, one ADA is equal to 0.0000146 BTC.
ADA Price prediction 2018,2020
According to Smartereum, ADA would be valued at $ 2.50 by the end of 2018 while the Oracletimes forecasts the price to reach around $1.5 by the end of this year. Longforecast.com predicts the prices to be around $1.89 by the end of the year.
Cardano Latest Updates
- Emurgo, Cardano Foundation’s venture capital partner, recently launched Yoroi – a light wallet that runs on the Cardano blockchain. Ken Kodama, Emurgo’s CEO and also among Cardano’s founders, made the announcement on YouTube, explaining the wallet’s features including speed, simplicity, and security.
- Charles Hoskinson, Cardano’s creator, jumped the gun and announced details about the Foundation’s next project a day early. The upcoming venture involves an extension of Google Chrome known as Icarus.
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