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Cardano (ADA) Reviews for February 2023

ADA Reviews Know1tAll December 2, 2022
Cardano is consolidating in a downtrend. The bullish divergence on the RSI suggests that the selling pressure could be reduced and a recovery may be on the cards. If the price climbs above the 20-day EMA of $0.32, the ADA/USDT pair could pick up momentum and attempt a rally to the downtrend line. The bears are likely to mount a strong defense at this level. Contrary to this assumption, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling on rallies. The pair could then again drop toward $0.29.

ADA Reviews Wanderer December 1, 2022
Cardano remains in a downtrend, but the bullish divergence on the RSI suggests that the bearish momentum may be weakening. The bulls will have to thrust and sustain the price above the 20-day EMA of $0.32 to signal strength. If they do that, the ADA/USDT pair may start a recovery to the downtrend line. The 50-day SMA of $0.36 may act as a resistance but is likely to be crossed. Conversely, if the price turns down from the 20-day EMA, it will indicate that the bears are selling on minor rallies. The bears will then try to resume the downtrend and sink the price to the support line.

ADA Reviews Denn November 21, 2022
Cardano remains in a strong downtrend. The bears pulled the price below the immediate support at $0.31 on Nov. 21 opening the doors for a possible drop to the support line. A minor positive for the bulls is that the RSI is forming a bullish divergence. This suggests that the bearish momentum could be waning. The ADA/USDT pair could attempt a recovery from the support line, which is likely to hit a wall at the 20-day EMA of $0.34. If the price turns down from this level, it will suggest that the bears continue to sell on rallies. That could result in a retest of the support line. If this level cracks, the selling could accelerate and the pair may drop to $0.25. Contrarily, a break above the 20-day EMA could embolden the buyers who may push the pair to the downtrend line.

ADA Reviews RealSatoshi October 13, 2022
Cardano turned down sharply and broke below the critical support of $0.40 on Oct. 10. That was followed by further selling on Oct. 11, which pulled the price to $0.38. The break and close below $0.40 signal the start of the next leg of the downtrend. Buyers have an opportunity to salvage the situation by quickly pushing the price above the breakdown level of $0.40. That could trap the aggressive bears and the ADA/USDT pair could rally to the 20-day EMA ($0.42). Conversely, if the price turns down from $0.40, it will suggest that bears have flipped the level into resistance. That could enhance the prospects of the continuation of the downtrend toward the next major support at $0.33.

ADA Reviews MrBigMoney September 1, 2022
Cardano gets listed on Robinhood but ADA bulls are running out of steam, risking 40% drop. ADA prints modest upside moves that may run out of steam due to weak technicals and macro factors. ThCardano (ADA) market has witnessed back-to-back pieces of good news since Aug. 31, from its listing on Robinhood, a U.S.-based retail investment platform, to the release of its first lending and borrowing protocol, Aada Finance. Additionally, Cardano developer IOHK stated that they are close to clinching "three critical mass indicators" that would lead to the launch of their long-awaited Vasil hard fork in September. Vasil aims to improve Cardano's scalability and transaction throughput through pipelining. The upgrade could also improve the decentralized application (DApp) and smart contract capabilities by changing the Plutus script, a programming language used for smart contracts on the Cardano blockchain.

ADA Reviews Edwardd August 9, 2022
Cardano (ADA) bounced off the 20-day EMA ($0.50) on Aug. 5 and has reached the strong overhead resistance at $0.55. The 20-day EMA is sloping up and the RSI is in the positive territory, indicating that the path of least resistance is to the upside. If buyers thrust the price above $0.55, the ADA/USDT pair could start its northward march toward $0.63 and then to $0.70. The bears may pose a strong challenge at this level. To invalidate this positive view, the bears will have to sink and sustain the price below the 50-day SMA. That could extend the stay of the pair inside the range between $0.40 and $0.55 for a few more days.

ADA Reviews Dav1d August 3, 2022
Cardano (ADA) turned down from the overhead resistance at $0.55 on July 30, indicating that the bears are in no mood to allow the bulls to have their way. If the price breaks below the moving averages, the ADA/USDT pair could drop to $0.45. Such a move will suggest that the pair may remain stuck inside the large range between $0.40 and $0.55 for a few more days. On the other hand, if the price rebounds off the moving averages, it will suggest that bulls are buying on dips. The bulls will then once again try to push the pair above $0.55. If they succeed, the pair could rise to $0.63, and later to $0.70.

ADA Reviews Know1tAll July 11, 2022
Cardano (ADA) slipped below the immediate support at $0.44 on July 11, indicating that bears are in command. The selling continued and the bears pulled the price to the important support at $0.40. The buyers attempted to start a recovery on July 13 but the long wick on the day’s candlestick shows that bears are trying to flip the $0.44 level into resistance. If the price breaks below $0.40, the selling could pick up momentum and the ADA/USDT pair could resume the downtrend. The pair could then decline to $0.33. To invalidate this negative view, buyers will have to push and sustain the price above the moving averages. If that happens, the pair could attempt a rally to $0.60.

ADA Reviews $0und0f$ilence July 2, 2022
Although Cardano (ADA) has been trading near the $0.44 level since June 30, the bears have not been able to pull and sustain the price below the support. This suggests that bulls are buying the dips toward $0.44. The buyers are currently attempting to push the price above the 20-day EMA ($0.48). If they accomplish this task, the ADA/USDT pair could rise to the 50-day SMA ($0.51). This is an important level to keep an eye on because a break and close above it could suggest that the bears may be losing their grip. Alternatively, if the price turns down from the moving averages, it will suggest that bears are active at higher levels. The sellers will then try to sink the pair below $0.44 and challenge the critical level at $0.40.

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.

* 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 62.4% 76 $23 195.66 -1.29% -1.50% $447 262 989 624 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 69.2% 57 $1 649.37 -2.09% 2.18% $201 839 732 133 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000217 0.01% 0% $68 079 422 781 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 79.6% 38 $328.36 -0.90% 4.32% $51 848 565 385 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999942 -0.01% -0.03% $41 988 565 849 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 74.8% 42 $0.404201 -2.02% -1.97% $20 533 036 252 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $0.999723 -0.07% -0.02% $16 253 765 776 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 69.2% 64 $0.393348 -2.60% 1.16% $13 613 460 494 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 74.8% 51 $0.092617 -1.65% 3.10% $12 287 566 308 DOGE 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 68% 67 $1.21 -2.86% 1.52% $10 591 629 612 MATIC 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 Solana (SOL) SOL Solana predictions 56.8% 86 $23.67 -4.58% -3.57% $8 819 921 992 SOL 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 67.6% 73 $0.000014 1.35% 19.81% $7 914 712 336 SHIB 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 67.2% 66 $6.70 -4.41% 1.44% $7 726 491 964 DOT 7 days price change
15 HEX (HEX) HEX HEX predictions 70% 60 $0.041030 -11.76% 52.80% $7 114 999 412 HEX 7 days price change

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