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 =$0.1389 change ~ -3.55%

Coin Market Cap

$3.6 Billion

24 Hour Volume

$109.21 Million

24 Hour VWAP

$0

24 Hour Change

$-0.0049

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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Azeez Mustapha
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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