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Caradano ADA price analysis 25th June 2019; ADA aiming for $0.1 or higher?

ada price analysis 25june

Cardano’s (ADA’s) price rose to one point three-five dollars ($1.35) in January 2018. However, the bulls ended there and the trend was ruled by bears ever since. The token’s price reached zero point zero nine-five dollars ($0.095) by August 2018.

Note that this price was the same as the price before the bulls started back in November 2017, and that is a statement in itself.

Nonetheless, the bears did not end and the price dropped all the way to zero points zero-three dollars ($0.03) in December 2018. Since then the price has steadily been rising to the previous support area of zero point zero nine-five dollars ($0.095) where it is expected to face resistance.

Caradano ADA price analysis 25th June 2019; ADA aiming for $0.1 or higher? 1Cardano ADA price chart by Trading View

The token is expected to follow on bearish divergence according to the long-term relative strength index (RSI). The bearish divergence is mostly followed by a decrease in token price and it is predicted that ADA will have long term bears moving on.

Moreover, the price has not been able to maintain above or at zero-point one dollars ($0.1) mark despite it crossing the mark on April 3.

Caradano ADA price analysis 25th June 2019; ADA aiming for $0.1 or higher? 2Cardano ADA price chart by Trading View

On a short time-frame, the price action has been moving in an ascending channel since May 13.

However, the latest high was in aggregate with a bearish divergence thus the token establishing both long-term and short-term bearish divergence.

This makes it likely that the price will decrease further at a lower support line according to the token’s candlestick characteristics and support a price reversal. However, it is to be noted that the token’s price has been on a gradual increase since the start of 2019.

Saad B. Murtaza

Saad B. Murtaza

Journalist, Writer, Editor, Researcher, and Strategist with over 10 years of experience in the digital, print and public relations industries, Saad has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a self-sustaining institute that provides free education. Carrying a diverse portfolio he has studied and written on topics related to cyber crimes, scams, blockchain, and cryptocurrencies.

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