• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

    Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

    Tether

    Tether USDT: What happens if the stablecoin collapses?

    Cryptos

    Cryptos banned: Russian government officials will no longer own digital currencies

    Litecoin price

    Litecoin price prediction: LTC to fall to $120.00 support level

    Bitcoin

    Bitcoin supply crisis could spark a hike in BTC price

    Ethereum price

    Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

    Coinbase

    $27 Million XRP wired to Coinbase from “Anonymous user”

    Bitstamp Crypto custody services

    Dutch Bitstamp new requirement of proof of income for withdrawal irks users

    Gemini expands in Singapore with localized crypto offerings

    Gemini expands in Singapore with localized crypto offerings

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

    Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

    Tether

    Tether USDT: What happens if the stablecoin collapses?

    Cryptos

    Cryptos banned: Russian government officials will no longer own digital currencies

    Litecoin price

    Litecoin price prediction: LTC to fall to $120.00 support level

    Bitcoin

    Bitcoin supply crisis could spark a hike in BTC price

    Ethereum price

    Ethereum Price Prediction: ETH trims gains after setting new ATH at $1,480

    Coinbase

    $27 Million XRP wired to Coinbase from “Anonymous user”

    Bitstamp Crypto custody services

    Dutch Bitstamp new requirement of proof of income for withdrawal irks users

    Gemini expands in Singapore with localized crypto offerings

    Gemini expands in Singapore with localized crypto offerings

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Cardano News

Cardano price prediction: ADA to retest $0.35, analyst

Taha Farooqui by Taha Farooqui
January 7, 2021
in Cardano News
3 min read
Cardano price prediction_ ADA to retest $0.35, analyst
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Cardano price prediction expects a retest to $0.35 high.
  • Strong resistance lies at the $0.34 mark.
  • Strong support lies at the $0.29 mark.

The Cardano price prediction by Vince Prince shows that the cryptocurrency will retest the $0.35 mark soon. On the 7th of January, the ADA price rose above the $0.35 level during Bitcoin BTC‘s price surge. The cryptocurrency is priced at $0.317 at the time of writing.

1-Day Cardano price analysis

Cardano price chart 1 - 7 January
Cardano price prediction chart by Trading View

The crypto market has seen a rise on the 6th and the 7th of December, where the price rose past the $0.35 level. Cardano and Ripple have been treading near similar price ranges recently. The highest point that the crypto asset hit on the 7th of January during its price ascension was $0.354, whereas the lowest price point was the $0.306 mark.

RelatedPosts

Cardano price prediction: ADA to climb to $0.400 resistance

Cardano price prediction: ADA retesting $0.33 support before another move higher?

Cardano price prediction: ADA still testing support around $0.35

Cardano price prediction: ADA to climb above the $0.400 mark

The technicals show that the ADAUSD pair is in a buying position at the moment. Four out of the eleven oscillators are at a selling position, while three indicate a sell signal for the trading pair. The rest of the four oscillators stand neutral. Thirteen out of fifteen Moving Averages show a strong buying indication, while one stands neutral, and the other stands at a selling point.

The Moving Average Convergence Divergence (MACD) line is moving flat along the signal line in the positive zone, while the histogram is decreasing its size in the green region. The Relative Strength Index (RSI) has flatlined at 70, and it has recently returned from the overbought region. This could mean that the uptrend is coming to an exhaustion phase where the cryptocurrency has depleted its bullish momentum. However, the cryptocurrency is still moving between the $0.31 and $0.32 price levels, with a minor price descent that it observed after falling from the $0.35 mark.

The Bollinger band started expanding after the 2nd of January, and the expansion grew bigger and bigger as the price ascended across $0.35. The ADA price has been riding the upper Bollinger band throughout the uptrend, and the price has recently bounced off the band, which acts as the resistance now. The midline will provide support to the cryptocurrency if it moves towards the downside. The price volatility is at its highest value for this week now.

Cardano price prediction: What to expect?

Vince Prince’s Cardano price prediction shows that the cryptocurrency will bounce off the bottom of the falling channel, and it will move towards the top of the channel a breakout. Per the 30-minute time frame analysis, the cryptocurrency will rise towards the $0.35 mark again.

Cardano price chart 2 - 7 January
Cardano price prediction chart by Vince Prince

The analyst’s chart depicts a wave count for the cryptocurrency. The bounce cluster lies at the bottom of the down-channel, and the price should see a entry-level for a long position here. Per this Cardano price prediction, the target price lies at the $0.350 mark, whereas the stop-loss was marked at $0.311.

The analyst also mentioned that this is a potential bull flag formation, which is a bullish indicator. If the cryptocurrency breaks above the down-channel, the price will be due to retest the broken trend line. After accumulating for a bit, the price will re-bounce towards the upside and make its way for higher resistances. If this Cardano price prediction comes into play, the cryptocurrency will rise above the $0.37 mark.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Tags: cryptocurrency tradingcryptomarket
Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

Cardano price
Cardano News

Cardano price prediction: ADA to climb to $0.400 resistance

January 24, 2021
Cardano Price Prediction
Cardano News

Cardano price prediction: ADA retesting $0.33 support before another move higher?

January 21, 2021
Cardano price prediction
Cardano News

Cardano price prediction: ADA still testing support around $0.35

January 20, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Bitcoin price prediction – Huge uptrend awaits BTCUSD past $34k resistance

Bitcoin price prediction – Huge uptrend awaits BTC/USD past $34k resistance

January 27, 2021
Tether

Tether USDT: What happens if the stablecoin collapses?

January 26, 2021
Cryptos

Cryptos banned: Russian government officials will no longer own digital currencies

January 26, 2021
Litecoin price

Litecoin price prediction: LTC to fall to $120.00 support level

January 26, 2021
Bitcoin

Bitcoin supply crisis could spark a hike in BTC price

January 26, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.