• bitcoinBitcoin (BTC) $ 70,137.00
  • ethereumEthereum (ETH) $ 3,786.34
  • tetherTether (USDT) $ 0.999516
  • bnbBNB (BNB) $ 620.13
  • solanaSolana (SOL) $ 178.66
  • staked-etherLido Staked Ether (STETH) $ 3,785.43
  • usd-coinUSDC (USDC) $ 0.999914
  • xrpXRP (XRP) $ 0.534632
  • dogecoinDogecoin (DOGE) $ 0.170889
  • the-open-networkToncoin (TON) $ 6.34
  • cardanoCardano (ADA) $ 0.492856
  • avalanche-2Avalanche (AVAX) $ 41.21
  • shiba-inuShiba Inu (SHIB) $ 0.000026
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 70,270.00
  • tronTRON (TRX) $ 0.123701
  • polkadotPolkadot (DOT) $ 7.64
  • bitcoin-cashBitcoin Cash (BCH) $ 511.32
  • chainlinkChainlink (LINK) $ 16.80
  • nearNEAR Protocol (NEAR) $ 7.75
  • uniswapUniswap (UNI) $ 9.66
  • matic-networkPolygon (MATIC) $ 0.728539
  • litecoinLitecoin (LTC) $ 88.02
  • fetch-aiFetch.ai (FET) $ 2.51
  • internet-computerInternet Computer (ICP) $ 13.22
  • pepePepe (PEPE) $ 0.000014
  • leo-tokenLEO Token (LEO) $ 5.97
  • daiDai (DAI) $ 0.999104
  • ethereum-classicEthereum Classic (ETC) $ 31.57
  • wrapped-eethWrapped eETH (WEETH) $ 3,929.42
  • render-tokenRender (RNDR) $ 11.10
  • hedera-hashgraphHedera (HBAR) $ 0.115250
  • aptosAptos (APT) $ 9.28
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,720.73
  • immutable-xImmutable (IMX) $ 2.49
  • crypto-com-chainCronos (CRO) $ 0.128793
  • filecoinFilecoin (FIL) $ 6.18
  • mantleMantle (MNT) $ 1.05
  • cosmosCosmos Hub (ATOM) $ 8.78
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997417
  • stellarStellar (XLM) $ 0.111967
  • the-graphThe Graph (GRT) $ 0.334896
  • arbitrumArbitrum (ARB) $ 1.19
  • kaspaKaspa (KAS) $ 0.133461
  • blockstackStacks (STX) $ 2.16
  • okbOKB (OKB) $ 50.96
  • optimismOptimism (OP) $ 2.80
  • arweaveArweave (AR) $ 44.52
  • bittensorBittensor (TAO) $ 420.94
  • makerMaker (MKR) $ 3,053.68
  • dogwifcoindogwifhat (WIF) $ 2.76
  • suiSui (SUI) $ 1.14
  • vechainVeChain (VET) $ 0.036382
  • injective-protocolInjective (INJ) $ 27.70
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • theta-tokenTheta Network (THETA) $ 2.48
  • moneroMonero (XMR) $ 137.09
  • fantomFantom (FTM) $ 0.871376
  • flokiFLOKI (FLOKI) $ 0.000238
  • thorchainTHORChain (RUNE) $ 6.82
  • bonkBonk (BONK) $ 0.000033
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,191.84
  • lido-daoLido DAO (LDO) $ 2.21
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,902.93
  • celestiaCelestia (TIA) $ 9.71
  • galaGALA (GALA) $ 0.043665
  • pyth-networkPyth Network (PYTH) $ 0.471069
  • sei-networkSei (SEI) $ 0.568123
  • jupiter-exchange-solanaJupiter (JUP) $ 1.21
  • coredaoorgCore (CORE) $ 1.81
  • bitget-tokenBitget Token (BGB) $ 1.12
  • algorandAlgorand (ALGO) $ 0.187574
  • flowFlow (FLOW) $ 0.961112
  • aaveAave (AAVE) $ 97.37
  • whitebitWhiteBIT Coin (WBT) $ 10.03
  • starknetStarknet (STRK) $ 1.25
  • quant-networkQuant (QNT) $ 97.88
  • beam-2Beam (BEAM) $ 0.028233
  • bitcoin-svBitcoin SV (BSV) $ 68.94
  • akash-networkAkash Network (AKT) $ 5.80
  • ondo-financeOndo (ONDO) $ 0.932387
  • singularitynetSingularityNET (AGIX) $ 1.05
  • ethenaEthena (ENA) $ 0.876246
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 2.13
  • flare-networksFlare (FLR) $ 0.028763
  • tokenize-xchangeTokenize Xchange (TKX) $ 14.56
  • cheeleeCheelee (CHEEL) $ 20.21
  • axie-infinityAxie Infinity (AXS) $ 7.87
  • neoNEO (NEO) $ 15.90
  • chilizChiliz (CHZ) $ 0.124876
  • elrond-erd-2MultiversX (EGLD) $ 40.61
  • worldcoin-wldWorldcoin (WLD) $ 5.07
  • msolMarinade Staked SOL (MSOL) $ 211.70
  • gatechain-tokenGate (GT) $ 8.19
  • the-sandboxThe Sandbox (SAND) $ 0.466175
  • zebec-protocolZebec Protocol (ZBC) $ 0.020491
  • wormholeWormhole (W) $ 0.578255
  • ecasheCash (XEC) $ 0.000052
  • roninRonin (RON) $ 3.14
  • jasmycoinJasmyCoin (JASMY) $ 0.020539
  • eosEOS (EOS) $ 0.864241
  • kucoin-sharesKuCoin (KCS) $ 10.24
  • safeSafe (SAFE) $ 2.30
  • tezosTezos (XTZ) $ 0.990602
  • pendlePendle (PENDLE) $ 6.35
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,810.26
  • conflux-tokenConflux (CFX) $ 0.238250
  • havvenSynthetix Network (SNX) $ 2.91
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,786.25
  • aioz-networkAIOZ Network (AIOZ) $ 0.860637
  • mina-protocolMina Protocol (MINA) $ 0.830205
  • ordinalsORDI (ORDI) $ 43.63
  • ribbon-financeRibbon Finance (RBN) $ 0.918861
  • book-of-memeBOOK OF MEME (BOME) $ 0.012849
  • decentralandDecentraland (MANA) $ 0.468219
  • gnosisGnosis (GNO) $ 335.84
  • lido-staked-solLido Staked SOL (STSOL) $ 210.96
  • nexoNEXO (NEXO) $ 1.45
  • apecoinApeCoin (APE) $ 1.29
  • heliumHelium (HNT) $ 4.80
  • echelon-primeEchelon Prime (PRIME) $ 19.84
  • frax-etherFrax Ether (FRXETH) $ 3,780.62
  • iotaIOTA (IOTA) $ 0.231402
  • kavaKava (KAVA) $ 0.692882
  • nervos-networkNervos Network (CKB) $ 0.016967
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.86
  • usddUSDD (USDD) $ 0.996633
  • theta-fuelTheta Fuel (TFUEL) $ 0.109838
  • swethSwell Ethereum (SWETH) $ 3,982.38
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,046.70
  • klay-tokenKlaytn (KLAY) $ 0.189109
  • dexeDeXe (DEXE) $ 12.09
  • ocean-protocolOcean Protocol (OCEAN) $ 1.05
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.45
  • blurBlur (BLUR) $ 0.413929
  • livepeerLivepeer (LPT) $ 20.70
  • bitcoin-goldBitcoin Gold (BTG) $ 37.47
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000031
  • axelarAxelar (AXL) $ 0.986484
  • fraxFrax (FRAX) $ 0.997447
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000111
  • woo-networkWOO (WOO) $ 0.342961
  • oasis-networkOasis Network (ROSE) $ 0.092360
  • fasttokenFasttoken (FTN) $ 1.99
  • illuviumIlluvium (ILV) $ 94.71
  • pepecoin-2PepeCoin (PEPECOIN) $ 5.23
  • mantra-daoMANTRA (OM) $ 0.730791
  • dydxdYdX (ETHDYDX) $ 2.13
  • tether-goldTether Gold (XAUT) $ 2,423.29
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 4,106.18
  • osmosisOsmosis (OSMO) $ 0.894583
  • curve-dao-tokenCurve DAO (CRV) $ 0.479726
  • notcoinNotcoin (NOT) $ 0.005589
  • golemGolem (GLM) $ 0.556885
  • arkhamArkham (ARKM) $ 2.55
  • aerodrome-financeAerodrome Finance (AERO) $ 1.20
  • xdce-crowd-saleXDC Network (XDC) $ 0.035940
  • astarAstar (ASTR) $ 0.094293
  • wemix-tokenWEMIX (WEMIX) $ 1.46
  • memecoin-2Memecoin (MEME) $ 0.027874
  • enjincoinEnjin Coin (ENJ) $ 0.356392
  • jito-governance-tokenJito (JTO) $ 4.24
  • superfarmSuperVerse (SUPER) $ 1.13
  • true-usdTrueUSD (TUSD) $ 0.999776
  • raydiumRaydium (RAY) $ 1.92
  • iotexIoTeX (IOTX) $ 0.053080
  • 1inch1inch (1INCH) $ 0.424224
  • stader-ethxStader ETHx (ETHX) $ 3,886.43
  • dymensionDymension (DYM) $ 2.81
  • celoCelo (CELO) $ 0.899336
  • 0x0x Protocol (ZRX) $ 0.569154
  • apenftAPENFT (NFT) $ 0.00000049
  • ether-fiEther.fi (ETHFI) $ 4.14
  • skaleSKALE (SKL) $ 0.092454
  • radixRadix (XRD) $ 0.045170
  • ankrAnkr Network (ANKR) $ 0.046473
  • altlayerAltLayer (ALT) $ 0.340793
  • stepnGMT (GMT) $ 0.229529
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.10
  • polymeshPolymesh (POLYX) $ 0.434862
  • based-brettBrett (BRETT) $ 0.054131
  • arcblockArcblock (ABT) $ 4.62
  • zilliqaZilliqa (ZIL) $ 0.024670
  • compound-ethercETH (CETH) $ 76.07
  • mx-tokenMX (MX) $ 4.61
  • metis-tokenMetis (METIS) $ 78.49
  • rocket-poolRocket Pool (RPL) $ 21.77
  • pax-goldPAX Gold (PAXG) $ 2,407.78
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008722
  • ravencoinRavencoin (RVN) $ 0.031528
  • venomVenom (VENOM) $ 0.260908
  • holotokenHolo (HOT) $ 0.002410
  • zetachainZetaChain (ZETA) $ 1.61
  • nosanaNosana (NOS) $ 5.13
  • siacoinSiacoin (SC) $ 0.007426
  • compound-governance-tokenCompound (COMP) $ 61.80
  • project-galaxyGalxe (GAL) $ 3.66
  • manta-networkManta Network (MANTA) $ 1.65
  • terra-luna-2Terra (LUNA) $ 0.605239
  • biconomyBiconomy (BICO) $ 0.528687

Cardano Is Trading Above $0.43 And Is Vulnerable To A Breakout

0 14

The price of Cardano (ADA) is consolidating within a price range above the $0.43 support level.

Long-term forecast for Cardano price: bearish

The price is above the support level of $0.43 but below the moving average lines. The price range is further restricted by the 21-day SMA or resistance at $0.47. Cardano is currently trading between $0.43 and $0.47. The 21-day SMA has limited the upward movement. The price of the altcoin will either break out or break lower given the current narrow range.

If the bears break through the current support, the market will revisit its previous low of $0.40. On the other hand, if altcoin prices rally, the 21-day SMA will be breached and the price will rise to the 50-day SMA high. In the meantime, ADA is worth $0.445 at the time of writing.

Cardano indicator analysis

Cardano’s price bars are below the downward sloping moving average lines. The 21-day SMA, which acts as a resistance line, repels the price bars. At the same time, the price bars are above the horizontal moving average lines, indicating a sideways trend.

Technical indicators

Important resistance zones: $0.80, $0.85, $0.90

Important support zones: $0.50, $0.45, $0.40

Cardano Is Trading Above $0.43 And Is Vulnerable To A Breakout

What is the next move for Cardano?

Cardano continues to range below the 21-day SMA. Price action is stagnant due to the existence of doji candlesticks. The price bars are declining after reaching the resistance of the 21-day SMA. The cryptocurrency will resume its uptrend if the 21-day SMA is broken.

Cardano Is Trading Above $0.43 And Is Vulnerable To A Breakout

Disclaimer. This analysis and forecast are the personal opinions of the author and 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.

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