CARDANO (ADA) Long-term Price Forecast

DA / USD Long-term Trend : Bearish

Supply region: US $ 0.1600, US $ 0.1800, US $ 0.2000

Demand zone: US $ 0,0600, US $ 0,0300, US $ 0,0001

The long-term view of the ADA is a range-dependent market. At the beginning of the last week on September 30, the upward pressure remained at 0.08724 in the supply area. With the downtrend, he dragged his crypto-currency to $ 0.07782 in the demand zone below two EMAs on October 2nd.

A decline in the demand zone was a sign of the trend reversal. When you look at the coin entrance area, $ 0.08561 is left in the supply area.

Price is in 10-EMA in 47% of the stochastic oscillator and its signal is parallel. The implication of these is the equal bull and the momentum of decline, thus changing the crypto currency.

Name Price24H (%)
Bitcoin (BTC)
$8,231.68
3.14%
Ethereum (ETH)
$176.04
2.61%
Cardano (ADA)
$0.039364
0.93%

ADA is trading at $ 0.09188 in the upper supply area and $ 0.07588 in the lower demand region of the range. Failures in a fracture or lower demand zone may occur in the upper supply region, so patience is required before taking a position.

ADA currently has a market value of $ 2.10 billion in addition to its $ 23.87 million trading volume. However, the value of the coin has increased by 2.07% in the last 24 hours. It is traded at a price of $ 0.082993.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.