Cardano Price Prediction Today: Daily (ADA) Value Forecast – July 24
- On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend to retest the $0.1000 resistance level.
- On July 16, the downward trend correction at the $0.05241 price level,
ADA/USD Medium-term Trend: Ranging
- Resistance Levels: $0.1000, $0.1100 ¸ $0.1200
- Support levels: $0.0600, $0.0500, $0.0400
Yesterday, July 23, the price of ADA was in a bearish trend after the bulls were resisted at the 12-day EMA. The price is in a range bound move below the 12-day EMA and the 26-day EMA. On July 16, the downward trend was corrected at the $0.05241 price level, and the bulls made an upward move to break above the EMAs. The bulls are facing resistance at the 12-day EMA.
On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend to retest the $0.1000 resistance level. On the other hand, if the bulls fail to break the EMAs, the price will continue to range below the EMAs. Meanwhile, the price of Cardano is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is a bullish momentum and a buy signal.
ADA/USD Short-term Trend: Bullish
On the 1-hour chart, the ADA price is in a bullish trend. The 12-day EMA and the 26 -day EMA are trending northward indicating that price is falling. The crypto’s price is fluctuating below the 12-day EMA and the 26-day EMA. The daily stochastic is in the overbought region but above the 60% range. This implies that price is in a bullish momentum and a buy signal
Live Cardano (ADA) Price:
1 ADA/USD =$1.4750 change ~ 12.87%
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