The long wick on Cardano’s (ADA) July 26 candlestick suggests that traders are selling on rallies. The bears tried to pull and sustain the price below the 20-day EMA ($1.25) on July 27 but failed, indicating buying at lower levels. This may have reinvigorated the buyers who are again trying to push the price above the 50-day SMA ($1.33). If that happens, the ADA/USDT pair could gradually rise to $1.50. This level may pose a stiff challenge for buyers but if they can overcome it, the pair could start its northward journey toward $1.94. Conversely, if the price turns down from the current level or the overhead resistance and slides below $1.20, it will indicate that bears continue to sell at every higher level. That may result in a retest of the critical support at $1.
Cardano (ADA) closed below the $1.19 support on July 16. The bulls tried to trap the bears and push the price back above $1.19 on July 18 but failed to sustain the higher levels. This suggests that bears continue to sell at rallies. The bears have renewed their selling today. If sellers sink the price below $1.10, the ADA/USDT pair could retest the critical support at $1. This level has held on several occasions in the past few months, hence the bulls will again try to defend it aggressively. A strong rebound will indicate accumulation at the $1 support. On the other hand, if bears pull the price below $1, long liquidation may occur. That could open the doors for a further decline to $0.80 and then $0.68.
Cardano (ADA) has been trading between the 20-day EMA ($1.37) and the horizontal support at $1.28 for the past three days. This tight consolidation suggests that both the bulls and the bears are waiting for a clear direction before placing large bets. Both moving averages are nearly flat and the RSI is above 44, indicating an equilibrium between buyers and sellers. This advantage will tilt in favor of the bears if the $1.28 support gives way. That will clear the path for a possible drop to $1.20 and then $1.10. On the contrary, if the price rebounds off $1.28, the bulls will try to drive the price above the 20-day EMA. If they succeed, the ADA/USDT pair could rise to the 50-day SMA ($1.47) and then to the downtrend line. A break above this resistance will be the first sign that the correction may be over.
Significant price action can also be expected from Cardano (ADA), which has rapidly burst into the list of leading altcoins by adding to Coinbase Pro, as well as adding a token to Bloomberg terminals. This news indicates the potential for growth in the use of the rival Ethereum token by professional investors. In February 2021 alone, ADA jumped in price by almost 300%.
Cryptocurrency Cardano (ADA) jumped 20% on Tuesday after the announcement of its upcoming listing on the Coinbase crypto exchange. ADA ranked fourth in the ranking of cryptocurrencies in terms of capitalization. In February, Cardano is up nearly 300%. On Wednesday, the ADA hit the previous day's highs to reach $ 1.26, but is still below its all-time high of $ 1.45 on Feb.27. Coinbase has already started accepting incoming transfers to ADA and will open trading on March 18, subject to liquidity requirements. The cryptocurrency is being added to the professional trading platform Coinbase Pro. Coinbase.com retail portal and ADA mobile app will not be available for purchase at this time. Bloomberg added ADA to its terminal last week. Reportedly, only a description of the cryptocurrency was added, without the ability to track its rate. Bloomberg also published an article on Sunday about Cardano's success in the market.
Cardano (ADA) grew by 40% in a week, moving Litecoin to 7th place in the list of largest cryptocurrencies of CoinGecko portal. ADA growth has been seen amid preparations for the launch of the Shelley update on the core network. It will be held on July 29 and, as expected, will significantly increase the decentralization of the blockchain.
I hate to say it, but I think Cardano isn’t going anywhere. Ever since the ADA summit, i think investors are very disappointed with not only the zero news, but lack of professionalism. At the end of the summit, Charles even committed animal abuse with the box full of butterflies. I don’t think any CEO on this planet would ever try to pull such a ridiculous stunt, and it lost a lot of credibility for the project. ADA will fall out of the top ten as the market continues to decide who stays and who must go.
Cardano is about to have their first ever blockchain summit next week. This is going to be held in Miami, which is really an amazing place to host such a blockbuster event. I can never say enough positive things about ADA, but this upcoming conference is about to gain so much momentum for the prject, community and coin. Basically they’re about to announce a whole lot of partnerships, future roadmap, staking details, and maybe even a first glance at Shelley mainnet. This is going to bee a bright month for ADA.
Cardano has performed exceptionally well since they released staking details. In the last weeks its risen 20% and doesn't look like it's done quite yet. This is a major catalyst for price action and we expect ADA to continue this trend. Cardano has been in a bear market for longer than most currencies, but it's finally seeing interest in the market and this could be the perfect entry point for this coin.
Cardano is one of the biggest projects in crypto. It's extremely ambitious, but if they manage to pull it off we're all going to make it. ADA does everything, and still manages to be a great store of value. Once Shelley releases we're going to see fireworks.
Cardano has been on the top of my watch list for the last several months. Although it's risen with the tide of the entire cryptocurrency market, I believe we are about to see a turning point regarding its development. The developers at Cardano are extremely serious regarding their projects upcoming milestone: Shelley. As we've seen in the past, I think select altcoins (ADA being one of them) will go counter to the overall bearish trend and slowly move upwards to have an excellent Q2.
It's suspicious to me that a project that has raised 108 844.5 BTC in several ICOs doesn't have a whitepaper in a proper sense. The only document available doesn't describe any technical details - only the reasons why the IOHK team considers it necessary to develop it. What advantages Cardano has is also still in question. It can not be said that the new blockchain is unchanged, since consensus can lead to a change in the protocol and the appearance of a fork. The separation of computational layers is also not a unique breakthrough, nor is the voting control mechanism. Technically savvy developers will also notice that instead of C ++, the platform code is written in Haskell.
* Crypto Rating accepts no liability for content of the Cardano reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 85.2% | 15 | $95 616.18 | -2.84% | -6.13% | $1 893 333 589 692 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 73.6% | 50 | $3 350.84 | -3.70% | -8.80% | $403 651 022 318 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999000 | -0.05% | -0.05% | $139 288 421 186 |  |
|
| 4 |  XRP |
XRP predictions | 71.6% | 62 | $2.17 | -4.90% | -8.37% | $124 233 945 824 |  |
|
| 5 |  BNB |
Binance Coin predictions | 75.2% | 43 | $691.95 | -2.43% | -1.02% | $99 645 517 499 |  |
|
| 6 |  SOL |
Solana predictions | 67.6% | 60 | $188.92 | -3.97% | -8.97% | $90 595 593 077 |  |
|
| 7 |  DOGE |
Dogecoin predictions | 68% | 63 | $0.316090 | -4.61% | -13.08% | $46 579 447 602 |  |
|
| 8 |  USDC |
USD Coin predictions | 91.2% | 1 | $1.000100 | -0.01% | 0.01% | $43 100 993 828 |  |
|
| 9 |  ADA |
Cardano predictions | 65.2% | 65 | $0.869061 | -4.92% | -9.69% | $30 531 747 539 |  |
|
| 10 |  TRX |
TRON predictions | 63.2% | 72 | $0.251299 | -2.04% | -4.78% | $21 663 917 246 |  |
|
| 11 |  AVAX |
Avalanche predictions | 65.2% | 74 | $37.70 | -7.33% | -11.15% | $15 452 673 000 |  |
|
| 12 |  TON |
Toncoin predictions | 68.8% | 59 | $5.77 | -4.09% | 6.77% | $14 732 975 019 |  |
|
| 13 |  LINK |
Chainlink predictions | 65.2% | 67 | $22.89 | -7.05% | -7.62% | $14 604 946 611 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 70.8% | 64 | $0.000022 | -5.92% | -9.90% | $12 751 913 195 |  |
|
| 15 |  HBAR |
Hedera Hashgraph predictions | 62.4% | 77 | $0.290034 | -6.89% | -0.84% | $11 094 422 559 |  |
