Cardano (ADA) Price Analysis And Forecast

[sirty143]

CARDANO (ADA-USD)

A bullish outlook is seen in the last 24hrs, this is buttressed by the 7 day MA that is seen above the 21-day MA thus indicating a bullish signal.

The RSI is generally seen above the 50 levels reflecting a strong buying pressure. The price of the digital asset began the day trading at $0.086 as at 09:00 on May 27th where traders pushed the price rally up to $0.0895.

Around 16:00 on May 27th, the bears attempted to push the price rally further down to close at $0.087 but they failed to maintain downwards price rally due to more bullish pressure that later resulted to upward price rally that closed at $0.0916 as at 23:00.

More bearish pressure is then encountered at around 0000h on May 28th where traders shifted the price performance further down to $0.0882. ADA price shows improvement since it is up by 2.45%, this may be due to the faster and simplest transaction Cardano offers.

FORECAST

The 21-day MA is almost crossing over the 7 day MA during the last hour; this shows the possibility of a continuous bearish market rally in the next few hours.

The RSI is also heading south indicating a decline in a price rally. New resistance level should be set at $0.09.

Source: ZyCrypto

[kent47400]

Predictions about ADA coins are the same as predicting weather that can't be guessed.
The MA 7 and MA 21 are just jokes and surely when predicting the price right at the end of the game the price will not be known, whether it will be Pump or Dump.

[jonathancool220]

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Not a joke also for those who understand the charts and graphs because everything also depends on the feeling of those who are experts in trading.
Indeed cryptocurrency can not be guessed, but also graph factors, they definitely need to only analyze. Cmiiw