Bitcoin 
Ethereum 
Tether 
BNB 
Solana 
USDC 
XRP 
Lido Staked Ether 
Dogecoin 
Toncoin 
TRON 
Cardano 
Avalanche 
Wrapped stETH 
Wrapped Bitcoin 
Shiba Inu 
WETH 
Chainlink 
Bitcoin Cash 
Polkadot 
Uniswap 
LEO Token 
Dai 
Litecoin 
NEAR Protocol 
Kaspa 
Internet Computer 
Wrapped eETH 
Artificial Superintelligence Alliance 
Monero 
Pepe 
POL (ex-MATIC) 
Aptos 
Stellar 
Ethereum Classic 
Sui 
Ethena USDe 
First Digital USD 
OKB 
Stacks 
Cronos 
Filecoin 
Bittensor 
Aave 
Immutable 
Render 
Hedera 
Mantle 
Arbitrum 
Injective 
Optimism 
VeChain 
Cosmos Hub 
WhiteBIT Coin 
dogwifhat 
Maker 
Binance-Peg WETH 
The Graph 
Polygon 
Fantom 
THORChain 
Bitget Token 
Rocket Pool ETH 
Helium 
Arweave 
Theta Network 
Mantle Staked Ether 
FLOKI 
Solv Protocol SolvBTC 
Bonk 
Quant 
Algorand 
Pyth Network 
Gate 
Jupiter 
Sei 
JasmyCoin 
MANTRA 
KuCoin 
Bitcoin SV 
Lido DAO 
Ondo 
Renzo Restaked ETH 
Celestia 
Flow 
Ronin Bridged WETH (Ronin) 
Core 
BitTorrent 
Fasttoken 
ether.fi Staked ETH 
PayPal USD 
Brett 
Klaytn 
Notcoin 
EOS 
USDD 
MultiversX 
Beam 
Starknet 
Flare 
GALA 
Tokenize Xchange 
Axie Infinity 
NEO 
ORDI 
SATS (Ordinals) 
Marinade Staked SOL 
Tezos 
Frax 
Worldcoin 
Popcat 
Tether Gold 
Nervos Network 
Conflux 
eCash 
The Sandbox 
Akash Network 
Arbitrum Bridged WBTC (Arbitrum One) 
Kelp DAO Restaked ETH 
Ethereum Name Service 
dYdX 
NEXO 
Arbitrum Bridged WETH (Arbitrum One) 
Pendle 
Ronin 
Wormhole 
Dogs 
Decentraland 
Mina Protocol 
TrueUSD 
Coinbase Wrapped Staked ETH 
ApeCoin 
PAX Gold 
Chiliz 
Terra Luna Classic 
PancakeSwap 
Synthetix Network 
DeXe 
Zcash 
L2 Standard Bridged WETH (Blast) 
IOTA 
AIOZ Network 
APENFT 
Frax Ether 
BOOK OF MEME 
Livepeer 
LayerZero 
ZKsync 
Astar 
Bridged USDC (Polygon PoS Bridge) 
USDB 
Axelar 
Ethena 
XDC Network 
Trust Wallet 
Theta Fuel 
Gnosis 
Raydium 
Compound 
Bitcoin Gold 
SafePal 
cat in a dogs world 
MX 
Aerodrome Finance 
Binance-Peg BUSD 
Oasis Network 
WEMIX 
Jupiter Staked SOL 
SuperVerse 
Beldex 
Echelon Prime 
Mog Coin 
Polygon PoS Bridged WETH (Polygon POS) 
Sundog 
L2 Standard Bridged WETH (Base) 
Kava 
Ondo US Dollar Yield 
Staked Frax Ether 
Blur 
Safe 
Curve DAO 
GMT 
Swell Ethereum 
1inch 
IoTeX 
Bitcoin Avalanche Bridged (BTC.b) 
SingularityNET 
Amp 
WOO 
Galxe 
Kusama 
Aevo 
Lombard Staked BTC 
ConstitutionDAO 
Metaplex 
Holo 
Stader ETHx 
Dash 
Reserve Rights 
JUST 
The price of Cardano (ADA) has reached bearish exhaustion and has fallen below the moving average lines. Price analysis by Coinidol.com.
On August 5, the cryptocurrency plunged to a low of $0.227, but the bulls bought the dips.
Long-term forecast for the Cardano price: bearish
The altcoin has reached the oversold area of the market. The price signal predicted a price decline on April 8 when a retraced candlestick body tested the 78.6% Fibonacci retracement level. The correction predicts that Cardano will fall but reverse at the 1.272 Fibonacci extension or $0.306.
Nonetheless, the altcoin has fallen to a low of $0.227 and then recovered. Selling pressure has eased as the cryptocurrency maintains its range-bound movement. Today, the altcoin has reversed course and is trading at $0.338 at the time of writing.
Technical Indicators
Key Resistance Zones: $0.80, $0.85, and $0.90
Key Support Zones: $0.50, $0.45, and $0.40
Cardano indicator analysis
The selling pressure has reached bearish exhaustion as the price bars remain below the moving average lines. Both charts show a bearish crossover, with the 21-day SMA falling below the 50-day SMA. This means that there is a bearish signal. The altcoin is predicted to retrace at a low of $0.277.
What is the next move for Cardano?
Cardano has reached bearish exhaustion and is confined to an area near the bottom of the chart. Meanwhile, the altcoin’s price is hovering between $0.30 and $0.36. Currently, the upside is being held back by resistance at $0.36, while the downside is being held back by support at $0.30.
If the price of ADA breaks above the moving average lines, it will resume its uptrend. In the meantime, the crypto signal remains within its current range.
Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
