Cardano Price Prediction: ADA Looks To Cross $1.15-Level

Last Updated July 23rd 2021
1 Min Read

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.

ada/usd daily chart 032521

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.

ada/usd volume chart 032521

Image: IntoTheBlock

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.

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