Cardano [ADA] technical analysis and price prediction 2018, 2020
Its a bull run for the crypto market today. Most coins are exhibiting an uptrend and changing hands in green. Cardano is on a stable trend today. The prices are gradually moving past the 100 EMA line.
With the MACD signifying a bull trend, the prices seem to have resumed an uptrend. The prices have found strong support at $0.089 and are exhibiting a stable rise. The current resistance level is set at $0.096, The prices are currently changing hands at 0.0946 and are gaining against USD by 0.046%. The day is exhibiting a tight trading range from $0.094 to $0.096. The prices are trading above the 100 EMA line which is trading at 0.0934. The prices are eyeing the $0.11 handle.
Currently, one ADA is equal to 0.00001397 BTC and is losing against BTC by 0.16%.
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.
Image via Shutterstock
Join our Telegram group