Cardano Price Prediction: ADA Looks To Cross $1.15-Level
Daily Cardano ADA Technical Analysis
- Cardano price sits on strong support at $1.12.
- ADA parabolic SAR from bullish to bearish.
On March 18, the Cardano price reached an intra-month high of $1.50 before it dropped to $1.15. During this crash, ADA managed to flip both the 20-day SMA and the parabolic SAR from positive to negative. Let’s take a closer look with technical analysis.
Cardano Price Looks To Conquer Key Level
Despite the drop in Cardano price the $1.12 support zone has remained strong. The buyers bounced from this support wall to reach up to $1.15. The RSI is trending along the neutral zone, so a further growth is expected.
Image: ADA/USD daily
As the IOMAP shows, the $1.12 support wall is strong since 176,000 addresses had previously 4.87 billion ADA tokens at this level.
Cardano Price is Expected To Reach These Levels
The Cardano price may touch the 20-day SMA. If it crosses this level, ADA will reach the $1.25 resistance barrier.