BTC$61 243.77


ETH$4 109.03


Binance Coin








Cardano (ADA) Sees a Deepening Correction

It becomes more and more evident with every passing day that Cardano (ADA) has ridden the bullish wave to the fullest and switched to the correction mode, the bottom of which is yet to be found. A quick reminder that the recent rally was caused by the expectations around the launch of the Shelley update of the main network that introduced the staking option, among other technological improvements.

6-months ADA chart

The months of bullish price action ended when ADA ran into resistance at $0.14 that has proven to be impassable for the buyers. The price had been knocking at that level for the entire duration of July, but to no avail, which should have given traders enough time to close their positions in anticipation of a pullback, which is now developing into a full-blown correction.

Given how abruptly the cryptocurrency market has defected to the bearish side in the second part of last week, the ADA chart could be finalizing the dead cat bounce right now, thus increasing the probability of a further price decline.

On the other hand, it's still too early to label Cardano bearish because the chance remains that the flash-sell of the last few days would entail a swift recovery, helping ADA to make a higher low near its current price level at $0.095, thus maintaining the uptrend structure.

The bears threaten to drop ADA even lower

The impact that the previous days of the all-out bears' attack on the cryptocurrency market is clearly depicted on the weekly time frame that will allow us to establish key levels around which the upcoming tough battle between buyers and sellers is going to unfold.

1-week ADA/USDT chart

Here the situation looks dire for those who bought ADA back when it was sticking to support at $0.133 and piercing the resistance $0.155 that coincides perfectly with the 0.382 Fibonacci retracement level. Cardano couldn't hold the line near 0.236 on Fibo or $0.1 and fell through the floor, ultimately wiping out half of its gains from the past couple of months with a single weekly candle. At the moment, ADA is clinging to temporary support at $0.09, but the fact that it went head-first through 0.236 on Fibo suggests that a more profound drop to $0.078 or even $0.05 is likely to follow. The bearish ADA price prediction is also based on the showings of MACD that is on the brink of making a bearish crossover, as well as the enormity of selling volume that was present on the market during the last four weeks. The bearish scenario could be canceled only if Cardano makes its way back above the 0.236 Fibo level and establishes a foothold there.

On the daily chart, we see how desperately the buyers are trying to stay above the 200-period EMA, while the price has already crashed below the faster 50 EMA. 

1-day ADA/USDT chart

This is a critical moment for Cardano as the descent below the 200 EMA would further instigate the bearish momentum that might even lead to the emergence of the death cross. A break above $0.1 - and 45 on the 14-period RSI - would serve as an early sign of the uptrend continuation.

Author: Alex Paulson for


Cardano (ADA) Price Prediction for 2025 and 2030: Will Hoskinson's Creation Become the Real Ethereum Killer?
Cardano (ADA) Price Prediction for 2025 and 2030: Will Hoskinson's Creation Become the Real Ethereum Killer?
Cardano (ADA) Is Solidifying the Range
Cardano (ADA) Is Solidifying the Range
Cardano (ADA): Reversed to the Upside But Could Get Range-Locked
Cardano (ADA): Reversed to the Upside But Could Get Range-Locked
Cardano (ADA) Is This the End of a Massive Rally?
Cardano (ADA) Is This the End of a Massive Rally?
Cardano (ADA) Charges Strongly on All Fronts
Cardano (ADA) Charges Strongly on All Fronts
Cardano Is Landsliding Despite the Launch of Hydra
Cardano Is Landsliding Despite the Launch of Hydra
Cardano (ADA): a Pullback Shouldn’t Cancel the Uptrend
Cardano (ADA): a Pullback Shouldn’t Cancel the Uptrend
Cardano: Unimpressive in 2019 - promising in 2020
Cardano: Unimpressive in 2019 - promising in 2020
Cardano (ADA) Price Forecast
Cardano (ADA) Price Forecast

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 66% 76 $61 243.77 1.02% 1.11% $1 154 572 840 442 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 57 $4 109.03 4.38% 6.19% $485 054 173 428 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 71.6% 60 $481.29 0.25% 3.23% $80 279 625 910 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 92% 12 $2.15 0.11% -1.89% $70 787 881 107 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000556 0.09% 0.06% $69 612 761 722 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 74.4% 54 $195.86 -3.60% 23.35% $58 918 167 005 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 76% 52 $1.088407 0.20% -5.19% $51 096 748 647 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 62.4% 79 $43.63 -0.29% 3.79% $43 086 190 756 DOT 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 56 $0.250784 5.45% 5.27% $33 056 889 048 DOGE 7 days price change
10 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000865 0.09% 0.09% $32 551 622 838 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 66.8% 65 $42.68 -0.63% 15.43% $17 137 911 904 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 73.6% 48 $26.59 3.60% -2.02% $16 261 823 078 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 69.2% 65 $65.13 -0.86% 8.98% $14 346 523 240 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 76.4% 47 $30.61 7.77% 9.88% $14 113 775 739 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 64% 75 $61 285.05 0.88% 1.17% $13 592 575 892 WBTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.