Cardano Price Prediction Today: Daily (ADA) Value Forecast – July 31
- On the upside, if the bulls break above the EMAs, the crypto's price will rise and retest the $0.1000 price level.
- On the downside, if the price of ADA continues its fall ,the market will find support at the $0.05000 price level.
ADA/USD Medium-term Trend: Ranging
- Resistance Levels: $0.1000, $0.1100 ¸ $0.1200
- Support levels: $0.0600, $0.0500, $0.0400
On June 23, the price of ADA reached a high of $0.1000 price level but the bulls were resisted. The bears broke the 12-day EMA and the 26-day EMA and continued the downward fall towards the bearish trend zone. On July 16, the downward trend was corrected at the support of the $0.05175 price level.
On July 17, the bulls made an upward move to break above the EMAs but were resisted. The price is ranging below the 12-day EMA and the 26-day EMA. On the downside, if the price of ADA continues its fall ,the market will find support at the $0.05000 price level.
On the upside, if the bulls break above the EMAs, the crypto's price will rise and retest the $0.1000 price level. Meanwhile, the price of Cardano is in the oversold region of the daily stochastic but above the 60% range. This indicates that price is a bullish momentum and a buy signal.
ADA/USD Short-term Trend: Ranging
On the 1-hour chart, the ADA price is in a sideways trend. The 12-day EMA and the 26 -day EMA are trending horizontally then indicating that price is in a sideways trend. The crypto’s price is fluctuating below and above the 12-day EMA and the 26-day EMA before the price fell to the low of $0.058162. The daily stochastic is in the oversold region but below the 20% range. This implies that price is in a bearish momentum and a sell signal
Live Cardano (ADA) Price:
1 ADA/USD =$1.2556 change ~ 3.58%
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