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Cardano Breaks Out Of Crucial Pattern And Will Target 20% Up The weekly technical chart of Cardano highlights a positive trend built by the coin. A sudden spike in price movements can be seen from Jan 3. A bullish Pennant pattern is formed on Tuesday's trading session. ADA successfully broke out of that pattern for an up move with the resistance zones placed at R1 $0.1881, R2 $0.19716, R3 $0.2115 and the following support zone of $0.1608. The Supertrend indicator indicates a buying signal on Jan 3. Until now, the trend remains Bullish. The Moving Average Convergence Divergence (MACD) is very close to the signal line indicating a buying signal can be formed soon in the coin. The histogram will also start to form green bars after the crossover. Meanwhile, the Relative Strength Index (RSI) with a value of 65 indicates that the coin is in an uptrend and should move soon to the overbought zone.
BITTREX:ADAUSDLong
by tcr_thecoinrepublic
Cardano (ADA) Price Prediction 2020-2025 - Do Not Invest Till YoPrice Prediction 2020 The forecasts made before the pandemic were extremely different. Several experts were predicting that by the end of 2020, the ADA price will reach $0.06 mark and continue growing further the next year while others were naming prices like $200 or even $400. It is not likely that all of a sudden Cardano can go beyond $0.1 this year. There are some reasons for that: first off, the growth of the crypto market that followed March's downfall is not going to last forever. As the quarantine measures get canceled here and there gradually, the traditional economy will get stronger. It means that the cryptocurrency market will decline this summer. Most probably ADA will lose its value. In the fall, the crisis prepared by the pandemic will finally hit the global economy. That will be the time when cryptocurrencies will start to recover after the summer'20 downfall. By the end of the year, ADA will regain $0.08 for sure, and by the most optimistic forecast, its price will reach $0.1. 2023 If the Basho and Voltaire segments of the road map will be completed in time (and we have all reasons to believe in the success of the Cardano team), then its ecosystem will be quite prominent by that time. Without a doubt, Cardano will keep its place among the leaders in the industry. The industry itself will go far beyond in comparison to what we might expect at the beginning of 2020 because corona-crisis will be a catalyst for the expansion of cryptocurrency use and development. It means that Cardano will have a double win in 2023, both as one of the leading products on the market and as a part of the growing market. Definitely, we won't see ADA reaching its all-time high again as in January 2018 the price was enormous due to manipulations made by shady players. Nevertheless, ADA will break its $0.1 barrier and will multiply its value several times, reaching from $0.4 to $0.5 by the end of 2023. 2025 Without a doubt, all wins of this project in the following years will influence the coin's price positively. It is likely that the project will become a usual part of the financial system and an important and effective smart contract operator. The price of ADA can reach $1.5 to $2.
KRAKEN:ADAUSDLong
by canh9
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