Philippines
2021-03-17 14:24
Market analysisCardano Price Prediction
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Market analysis:
Cardano Price Prediction: ADA prepares for a 20% lift off.
Cardano price shows an increase in bullish momentum as it bounced off the $0.98 level.
Transactional data suggests that a decisive close above $1.29 could propel ADA by 15% to $1.48.
However, a breakdown of $1.17 could see a 5% retracement to $1.11.
Cardano price shows a bullish bias as buyers rescued the altcoin after testing a crucial support level.
Cardano price aims a higher high
Cardano price has seen a massive surge in buyers leading to a 20% increase in a single 12-hour candlestick. Now, ADA is hovering below a critical supply barrier at $1.29, which coincides with the 38.2% Fibonacci retracement level.
A decisive 12-hour candlestick close above $1.29 will set up the stage for bulls to propel Cardano price higher. In such a case, a 15% upswing to the 61.8% Fibonacci retracement level at $1.48 is the most likely outcome.
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Cardano Price Prediction
Philippines | 2021-03-17 14:24
Cardano Price Prediction: ADA prepares for a 20% lift off.
Cardano price shows an increase in bullish momentum as it bounced off the $0.98 level.
Transactional data suggests that a decisive close above $1.29 could propel ADA by 15% to $1.48.
However, a breakdown of $1.17 could see a 5% retracement to $1.11.
Cardano price shows a bullish bias as buyers rescued the altcoin after testing a crucial support level.
Cardano price aims a higher high
Cardano price has seen a massive surge in buyers leading to a 20% increase in a single 12-hour candlestick. Now, ADA is hovering below a critical supply barrier at $1.29, which coincides with the 38.2% Fibonacci retracement level.
A decisive 12-hour candlestick close above $1.29 will set up the stage for bulls to propel Cardano price higher. In such a case, a 15% upswing to the 61.8% Fibonacci retracement level at $1.48 is the most likely outcome.
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