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Cardano (ADA) Reviews for July 2022

ADA Reviews Crypto_Bro June 15, 2022
The bears tried to pull Cardano (ADA) below the support at $0.44 on June 13 and 14 but failed to sustain the lower levels. This suggests that the bulls are defending the support zone between $0.44 and $0.40 aggressively. The bulls will attempt to push the price above the 50-day simple moving average (SMA)($0.60). If they manage to do that, the ADA/USDT pair could rise to $0.69 and then to $0.74. The bears are likely to defend this overhead zone with vigor. Contrary to this assumption, if the price turns down from the 20-day EMA ($0.54), it will suggest that the sentiment remains negative and traders are selling on minor rallies. The bears will then make one more attempt to sink the price below the support zone. If they succeed, the pair could signal the start of the next leg of the downtrend. The next support on the downside is $0.30.

ADA Reviews Dav1d June 10, 2022
The long wick on Cardano’s (ADA) June 6 and 7 candlestick shows that bears are selling the rallies to the 50-day simple moving average (SMA) ($0.65). Although bears tried to pull the price below the 20-day EMA ($0.58) on June 7, the bulls held their ground. The buyers are again attempting to push the price above the 50-day SMA. If they succeed, the ADA/USDT pair could rally to the breakdown level of $0.74. This is an important level for the bears to defend because a break and close above it could suggest a potential change in trend. The pair could then rally toward the psychological level of $1. Contrary to this assumption, if the price turns down from the 50-day SMA or $0.74, the bears will attempt to pull the pair below the 20-day EMA and gain the upper hand.

ADA Reviews Know1tAll June 6, 2022
Cardano (ADA) broke above the downtrend line on May 31 but the bulls could not sustain the higher levels as seen from the long wick on the day’s candlestick. Although the bears have successfully defended the downtrend line, a minor positive is that the bulls have held the ADA/USDT pair above the 20-day EMA ($0.56). This increases the possibility of a break above the downtrend line. If that happens, the pair could rally to the 50-day SMA ($0.67) where the bears may again pose a strong challenge. A break and close above this level will suggest a potential change in trend. The pair could then rally to the breakdown level of $0.74. Contrary to this assumption, if the price turns down and plummets below $0.53, the bears will try to pull the pair to $0.50 and later to $0.44. The four-hour chart shows that the price has been squeezed between the 200-SMA and the 50-SMA but this tight range trading is unlikely to continue for long. If bulls propel the price above the 200-SMA, the pair could attempt a rally to $0.64. A break and close above this level could open the doors for a possible rally to $0.69. Conversely, if the price turns down and breaks below $0.53, the selling could pick up momentum. The pair may then decline to $0.50 and later to $0.47.

ADA Reviews Crypto_Bro June 1, 2022
Cardano (ADA) broke below the minor support at $0.46 on May 27 but the bears could not build upon the advantage. The bulls purchased this dip and started a recovery on May 28. The relief rally picked up momentum on May 30 and the bulls are attempting to push the price above the 20-day EMA ($0.54). If they succeed, it will suggest that the ADA/USDT pair is attempting to form a bottom. The pair could then rise to $0.61 and later attempt a rally to the breakdown level of $0.74. This positive view could be negated if the price turns down from the 20-day EMA. If that happens, the bears will again try to sink the pair below $0.40 and start the next leg of the downward move.

ADA Reviews Na$ty May 27, 2022
Cardano (ADA) has been trading in a tight range between $0.49 and $0.56 since May 19. This suggests that bulls are attempting to form a higher low but are facing stiff resistance from the bears at higher levels. If the price rebounds off the support at $0.49, the ADA/USDT pair may remain stuck in the range for a few more days. The bulls will have to push and sustain the price above the 20-day EMA ($0.58) to indicate the start of a strong relief rally that may reach the breakdown level of $0.74. Instead, if bears sink the price below the strong support at $0.49, the selling may intensify and the pair could slide toward the May 12 intraday low at $0.40.

ADA Reviews Patrick May 3, 2022
Cardano price drops to level that sparked a 65% ADA rally in March - Will history repeat? Cardano (ADA) price has been rebounding after falling to its worst levels since February 2021. Meanwhile, a technical fractal suggests that ADA's upside retracement could continue in the coming weeks. Can ADA price extend the recovery? ADA's price has started bouncing after testing the same support area that preceded a 65% bull run in March 2022. Specifically, ADA/USD witnessed a bullish rejection as its price fell below $0.75 on Feb. 24, a move that followed a short period of sideways consolidation. It later broke out of the flat price range, rising to $1.24 on March 26, indicating a strong buying sentiment near the area around the $0.75-level (the red bar in the chart below). The March 2022 fractal also showed ADA's three-day relative strength index (RSI) treading near its oversold threshold of 30. The momentum indicator has returned to near the same level as ADA consolidates inside the flat range. As a result of this fractal, Cardano eyes a sharp rebound from $0.75 in May 2022, with its interim upside target around $1, a level that coincides with the upper trendline of ADA's prevailing descending channel pattern.

ADA Reviews MrBigMoney April 15, 2022
Cardano (ADA) attempted a relief rally on April 12 but the bulls could not clear the overhead hurdle at the psychological level at $1. This indicates that bears are attempting to flip the $1 level into resistance. If the price once again turns down from the overhead resistance and breaks below $0.91, the correction could resume. The ADA/USDT pair could then drop to $0.86 and later to the critical support at $0.74. The 20-day EMA ($1.04) is sloping down and the RSI is in the negative zone, suggesting advantage to bears. This negative view will be invalidated in the short term if the price turns up and breaks above the 20-day EMA. Such a move could open the doors for a possible rally to the overhead resistance at $1.26.

ADA Reviews Anna April 2, 2022
Cardano (ADA) is facing resistance at $1.26 as seen from the long wick on the candlestick on March 28 and 29. A minor positive is that the bulls have not given up much ground. The upsloping 20-day EMA ($1) and the RSI in the overbought territory indicate that the path of least resistance is to the upside. If buyers propel and sustain the price above $1.26, the ADA/USDT pair could rise to the 200-day SMA ($1.51) and thereafter rally to $1.60. Alternatively, if the price turns down from the current level and breaks below $1.15, the bears will try to pull the pair to the 20-day EMA. This is an important level to watch out for because a break and close below it could sink the pair to $0.74.

ADA Reviews Peter March 30, 2022
Crypto intelligence firm IntoTheBlock reports that the number of large transactions on the Cardano blockchain has increased by more than 50X this year. Large Transaction Volume (LTV) refers to aggregated volume from transactions denominated in Cardano’s native ADA token valued at more than $100,000. Since Jan. 1, LTV has increased from 1.35 billion ADA per day to 69 billion ADA (worth $81.4 billion) changing hands on Cardano on Mar. 28. That’s a 51-fold increase in about three months and marks one of the highest volume levels since mid-2018, according to IntoTheBlock. In a Mar. 29 tweet, the firm said that such high volume indicates “increasing institutional demand.”

ADA Reviews l00k$_1ntere$1ng March 27, 2022
Cardano (ADA) has been sustaining above the critical level at $1.00 for the past few days. This indicates that bulls who may have purchased at lower levels are not booking profits aggressively as they expect the recovery to continue. The moving averages have completed a bullish crossover and the RSI is in the positive zone, indicating that bulls have the upper hand. If buyers push and sustain the price above $1.26, the bullish momentum may pick up and the ADA/USDT pair could rally to the next critical resistance at $1.60. Alternatively, if the price turns down from $1.26 but rebounds off $1.00, it will suggest that the pair may remain range-bound between the two levels for a few more days. The bears will have to sink and sustain the price below the moving averages to invalidate the bullish view. The 4-hour chart shows that the bears are aggressively defending the overhead resistance at $1.20, but a minor positive is that the bulls have not allowed the price to sustain below the 20-EMA. If the price rises from the current level, the bulls will again try to clear the hurdle at $1.20 and push the pair to $1.26. Alternatively, if the price turns down and breaks below the 20-EMA, it will suggest that the bullish momentum has weakened. The pair could then gradually decline toward the strong support at $1.00.

ADA Reviews trader March 3, 2022
The bulls have sustained Cardano (ADA) above $0.82 in the past few days but are struggling to push the price to the breakdown level at $1. This indicates that demand dries up at higher levels. The longer the price sustains below the moving averages, the greater the possibility of a retest of the recent intraday low at $0.74. If this support cracks, the downtrend could resume and the ADA/USDT pair could plunge to $0.68. Contrary to this assumption, if the price rises and breaks above $1, it will suggest that the markets have rejected the lower levels. The pair could then rise to the resistance line of the descending channel. The bulls will have to push and sustain the price above the channel to indicate that the downtrend may have ended.

ADA Reviews RealSatoshi February 1, 2022
Cardano (ADA) continues to struggle to rebound off the strong support at $1. This indicates a lack of urgency among traders to accumulate at the current levels. If the bulls fail to push and sustain the price above the moving averages within the next few days, the possibility of a break below $1 may increase. If that happens, the ADA/USDT pair could resume its downtrend. The first support on the downside is $0.80. If this level cracks, the decline may extend to the support line of the channel. Conversely, a break and close above the 50-day SMA ($1.25) could result in a retest of the resistance line of the channel.

ADA Reviews RealSatoshi January 21, 2022
Cardano (ADA) rallied to the resistance line of the descending channel on Jan. 18 but the bulls could not push the price above the channel. This suggests that bears are defending the resistance line aggressively. The ADA/USDT pair has dipped to the moving averages, which could act as a strong support. The moving averages are on the verge of a bullish crossover and the RSI is in the positive territory, indicating advantage to buyers. If the price rebounds off the current level, the bulls will again try to drive the price above the channel and the developing neckline of a possible inverse head and shoulders pattern. If that happens, the pair could start a new uptrend. This positive view will invalidate if the price breaks and sustains below the moving averages. Such a move could pull the pair down to $1.06.

ADA Reviews Crypto_Bro December 31, 2021
Cardano (ADA) turned down from $1.59 on Dec. 27 and the price has dipped to the 20-day EMA ($1.39). If the price rebounds off the current level, the bulls will attempt to push the price to the resistance line of the descending channel. The flattish 20-day EMA and the RSI near the midpoint suggest a balance between supply and demand. A break and close above the channel will indicate that the downtrend could be over. The bulls will then try to push the price toward the strong overhead resistance at $2.47. On the other hand, if the price sustains below the 20-day EMA, it will suggest that bears continue to sell on rallies. The ADA/USDT pair could then drop to the strong support zone at $1.18. If this support cracks, the pair could decline to $1.

ADA Reviews Neo December 15, 2021
Cardano’s ADA price eyes 30% rally with a potential ‘triple bottom’ setup. The only glitch in the bullish setup, for now, remains the Federal Reserve’s taper acceleration plans. Cardano (ADA) may rally by nearly 30% in the coming days as it forms a classic bullish reversal pattern. Dubbed “triple bottom,” the pattern typically occurs at the end of a downtrend and consists of three consecutive lows printed roughly atop the same level. This means triple bottoms indicate sellers’ inability to break below a specific support level on three back-to-back attempts, which ultimately paves the way for buyers to take over. In a perfect scenario, the return of buyers to the market allows the instrument to retrace sharply toward a higher level, called the “neckline,” that connects the highs of the previous two rebounds. The move follows up with another breakout, this time taking the price higher by as much as the distance between the pattern’s bottom and neckline. So far, ADA’s price has been able to paint the triple bottom halfway, now rebounding after forming the third low.

ADA Reviews Car01 November 25, 2021
The long tail on the Nov. 16 and 17 candlestick shows that bulls attempted to defend the strong support at $1.87. However, the failure to sustain Cardano (ADA) above $1.87 may have prompted aggressive selling from traders on Nov. 18. The bulls are currently trying to push the price back above $1.87. If they manage to sustain the price above this level, it could trap the aggressive bears. That could start a strong recovery, which may reach the downtrend line. Contrary to this assumption, if the price turns down from the current level or the 20-day EMA ($1.99), it will suggest that sentiment remains negative and traders are selling on rallies. The bears will then try to pull the pair below $1.70, extending the decline to $1.50.

ADA Reviews panCake November 19, 2021
Cardano (ADA) turned down sharply on Nov. 16 and broke below the critical support at $1.87 but a minor positive is that bulls did not allow the price to close below it. The long tail on the candlestick indicates that buyers are attempting to defend the support. The bulls are attempting to push the price back above $1.87 on Nov. 17 but higher levels may attract selling. Both moving averages have started to turn down and the RSI has dipped into the negative zone, indicating that bears are in command. If the price turns down from the current level or the 20-day EMA, the bears will try to sink the ADA/USDT pair below $1.75. If they manage to do that, the pair could drop to $1.50. The first sign of strength will be a break and close above the downtrend line.

ADA Reviews D0m1n1c November 16, 2021
Cardano (ADA) has been trading below the 20-day EMA ($2.06) for the past three days but the bears have not been able to capitalize on this and pull the price to the strong support at $1.87. The flattish 20-day EMA and the RSI just below the midpoint suggest a range-bound action in the near term. If bulls propel the price above the downtrend line, it will suggest that the bears may be losing their grip. The ADA/USDT pair could then rise to the overhead resistance at $2.47 where the bears may again mount a stiff resistance. Alternatively, if the price turns down from the current level, the pair could drop to $1.87. The bears will have to pull the price below this support to signal the start of a downtrend.

ADA Reviews Know1tAll November 2, 2021
The bulls have successfully defended the strong support at $1.87 for the past few days but they are struggling to push Cardano (ADA) above the 20-day EMA ($2.07). This indicates a lack of demand at higher levels. The bears will now try to sink the price below the support zone at $1.87 to $1.80. If that happens, the ADA/USDT pair could drop to $1.58. The downsloping moving averages and the RSI in the negative zone indicate that bears are in control. Contrary to this assumption, if the price rises from the current level and breaks above the moving averages, it will indicate strong accumulation at $1.87. The pair could then rally to the overhead resistance at $2.47.

ADA Reviews MrBigMoney October 14, 2021
Cardano (ADA) broke and closed below the support line of the symmetrical triangle on Oct. 12. This suggests that the uncertainty of the past few days has resolved in favor of the bears. The bulls will try to push the price back above the 20-day EMA ($2.21) but if they fail, the ADA/USDT pair could drop to $1.87. This is a critical level to monitor because if it breaks down, the decline may extend to $1.63. The 20-day EMA has started to turn down and the RSI has dropped below 44, indicating advantage to bears. This negative perspective will be invalidated if bulls push and sustain the pair above the resistance line of the triangle.

* Crypto Rating accepts no liability for content of the Cardano reviews made by the site users. The entire responsibility for the contents rests with the authors.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 56.8% 93 $19 241.67 -5.61% -9.67% $367 181 795 784 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 58.4% 92 $1 059.15 -3.18% -13.28% $128 553 316 172 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $0.998955 0% -0.04% $66 163 024 576 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000391 -0.02% 0.04% $55 824 445 752 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 60.8% 83 $215.34 -4.45% -10.63% $35 160 747 810 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $1.000088 0.10% 0.04% $17 548 760 052 BUSD 7 days price change
7 Cardano (ADA) ADA Cardano predictions 61.6% 77 $0.450635 -3.60% -10.37% $15 210 103 811 ADA 7 days price change
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11 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999784 -0.09% -0.03% $6 859 368 442 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 68.4% 67 $6.72 -5.60% -18.62% $6 637 336 409 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 58.8% 88 $0.065207 -0.60% -1.36% $6 030 956 222 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 69.6% 60 $5.77 -0.04% -1.82% $5 499 921 297 LEO 7 days price change
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