Cardano Price Prediction Today: Daily (ADA) Value Forecast – July 3
- The ADA/USD pair fluctuates between the levels of $0.0800 and the $ 0.1000.
- The price of Monero is facing resistance at the $0.0950 price level.
ADA/USD Medium-term Trend: Ranging
- Resistance Levels: $0.1000, $0.1100 ¸ $0.1200
- Support levels: $0.0800, $0.0700, $0.0600
Yesterday, July 2, the price of ADA was trading in a sideways trend. The moving averages were trending horizontally. The ADA/USD pair fluctuates between the levels of $0.0800 and the $ 0.1000. The price of Monero is facing resistance at the $0.0950 price level. Each time the bulls tested the $0.095 resistance level, the bulls would be resisted and the price would fall to the EMAs.
On May 15, the bulls tested the upper price range and price had a downward correction to the support of the EMAs. This has been the scenario in the month of June. The crypto is likely to range for a few more days. Meanwhile, the MACD line and the signal line are above the zero line which indicates a sell signal.
ADA/USD Short-term Trend: Ranging
On the 1-hour chart, the ADA price is in a sideways trend. The moving averages are trending horizontally below the overhead resistance. On June 26, the bulls attempted to break the $0.1000 upper price level but were resisted and the price fell to the support of the EMAs.
Also, the bulls also attempted to break the $0.10500 but were resisted and the price fell below the EMAs. The daily stochastic is in the oversold region but below the 40% range. This implies that price is in a bearish momentum and a sell signal.
Live Cardano (ADA) Price:
1 ADA/USD =$2.2672 change ~ 15.19%
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