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- Cardano price prediction hints towards the recovery phase of ADA crypto through an interesting channel over the daily time frame chart.
- ADA crypto is recovered above 20, 50, and 100-days DMA to reach the 200-days Daily Moving Average.
- The pair of ADA/BTC was at 0.0000133 BTC with an intraday drop of 1.84%.
The maximum recovery of ADA is shown by the Cardano price prediction. Through this phase of recovery, the Cardano ADA price could hit $0.70. After breaking through the main $0.42 resistance level, Cardano USD price must begin its recovery phase and must soar towards the $0.70 recovery level indicated by the Cardano price chart.
The bullish forecast of the ADA cardano price to achieve the maximum recovery level of $1 is also suggested by the 2030 cardano price prediction. The ADA Cardano price is expected to return to its maximum level by 2025 and then continue to rise towards $1, according to Cardano price prediction 2025.
If the ADA Cardano price enters the recovery phase during 2023 by breaking out from the primary resistance level of $0.70, both the Cardano price prediction 2025 and the Cardano price prediction 2030 indicate the maximum recovery of the ADA Cardano price by the end of 2030.
For the ADA cardano price to recover to its maximum and hit $0.70 by mid-2023, it must surge steadily upward. Analysts concur that the price of Cardano will fully recoup by the end of 2023.
Cardano price was at $0.3744 and has lost 1.74% of its market capitalization during the day’s trading session. Trading volume has dropped by 23% during the intraday trading session. Volume to market cap ratio was at 0.03001.
What do Technical Indicators Suggest about Cardano Price?
Cardano price prediction highlights the recovery of Cardano ADA price through an ascending parallel channel over the daily time frame chart. ADA price must maintain the uptrend momentum to recover towards the upper recovery level.
However, Cardano price has been going through some short-selling pressure today and currently falters to gain an upward trend.
Technical indicators suggest the down downtrend momentum of Cardano ADA price inside the channel. Relative strength index showcases the downward momentum of ADA crypto. RSI was at 55 and is slipping towards neutrality.
MACD exhibits the downtrend of Cardano price. However, the MACD line is trying to maintain above the signal line after a positive crossover.
Summary
The maximum recovery of ADA is shown by the Cardano price prediction. Through this phase of recovery, the Cardano ADA price could hit $0.70. Analysts concur that the price of Cardano will fully recoup by the end of 2023. Technical indicators suggest the down downtrend momentum of Cardano ADA price inside the channel. Investors in Cardano need to wait until Cardano ADA price adapts uptrend.
Technical Levels
Resistance Level: $0.3915 and $0.4000
Support Level: $0.3680 and $0.3565
Disclaimer-
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
