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%

Coin Market Cap

$40.11 Billion

24 Hour Volume

$1.2 Billion

24 Hour VWAP

$1

24 Hour Change

$0.04

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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