Price analysis ADA/USDT

[Trumpet]

Cardano dropped below the 50-day SMA ($1.57) on June 8 but the bears could not capitalize on this weakness. The long tail on the June 8 and June 9 candlestick shows strong buying at lower levels.


ADA/USDT daily chart. Source: TradingView
The flattish moving averages and the RSI just below the midpoint suggest a balance between supply and demand.

This balance will shift in favor of the bears if the price breaks below the trendline. The ADA/USDT pair could then drop to $1.24 and then to $1.

On the contrary, if the buyers propel the price above the 20-day EMA ($1.64), the pair could rise to the overhead resistance at $1.94. A breakout and close above this level could push the pair to the all-time high at $2.47.more

[Piku]

The live Cardano price today is $2.13 USD with a 24-hour trading volume of $3,352,324,293 USD. We update our ADA to USD price in real-time. Cardano is down 3.00% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $70,184,166,643 USD. It has a circulating supply of 32,904,527,669 ADA coins and a max. supply of 45,000,000,000 ADA coins.
CMC: https://coinmarketcap.com/currencies/cardano/

[H2O]

Cardano shot up by nearly 0.34% over the last 24 hours and was trading at $2.27, at the time of writing. The resistance mark stood at $2.9 while the price seemed to be consolidated near $2.1. Technical indicators showed signs of bullish price action.

[Fighter]

ADA/USDT pair could drop to $2 and next to $1.87. A breach below this important level may pull the pair down to the pattern target of $1.63
Alternatively, if bulls push and sustain the price above the 20-day EMA, the pair could rise to the resistance line of the triangle. A breakout and close above the triangle could clear the path for a rally to $2.47, followed by a move to $2.80.

[Btceth01]

Cardano price today is $2.15 USD with a 24-hour trading volume of $3,980,253,608 USD. We update our ADA to USD price in real-time. Cardano is down 1.52% in the last 24 hours. The current CoinMarketCap ranking is #4, with a live market cap of $70,807,499,695 USD. It has a circulating supply of 32,904,527,669 ADA coins and a max. supply of 45,000,000,000 ADA coins.

[EAA-ALLAH]

Cardano Coin Price & Market Data
Cardano price today is $2.32 with a 24-hour trading volume of $5,964,484,277. ADA price is up 14.1% in the last 24 hours. It has a circulating supply of 32 Billion ADA coins and a total supply of 45 Billion. If you are looking to buy or sell Cardano, Binance is currently the most active exchange.

[Rakin343]

Cardano price today is $2.29 with a 24-hour trading volume of $6,141,753,145. ADA price is up 11.9% in the last 24 hours. It has a circulating supply of 32 Billion ADA coins and a total supply of 45 Billion. If you are looking to buy or sell Cardano, Coinbase Exchange is currently the most active exchange.