• 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 mining chips

    Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

    Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

    Bitcoin whale MicroStrategy invests more in Bitcoin during dip

    Polkadot price

    Polkadot price prediction: DOT to rise to $20.00

    Litecoin price prediction

    Litecoin price prediction: LTC rebounds after failing to reach $120

    Bitcoin mining

    Bitcoin Miners in China hit with dearth of chips

    Ripple Price Prediction 22.01.

    Ripple price prediction: XRP rejecting further upside at $0.31

    Ethereum price

    Ethereum price prediction: ETH to retest $1,400 resistance

    UK police appoint Komainu to custody seized cryptos

    UK police appoint Komainu to custody seized cryptos

    Bitcoin Price Prediction

    Bitcoin price prediction: BTC/USD tested $30k support before moving higher

    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 mining chips

    Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

    Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

    Bitcoin whale MicroStrategy invests more in Bitcoin during dip

    Polkadot price

    Polkadot price prediction: DOT to rise to $20.00

    Litecoin price prediction

    Litecoin price prediction: LTC rebounds after failing to reach $120

    Bitcoin mining

    Bitcoin Miners in China hit with dearth of chips

    Ripple Price Prediction 22.01.

    Ripple price prediction: XRP rejecting further upside at $0.31

    Ethereum price

    Ethereum price prediction: ETH to retest $1,400 resistance

    UK police appoint Komainu to custody seized cryptos

    UK police appoint Komainu to custody seized cryptos

    Bitcoin Price Prediction

    Bitcoin price prediction: BTC/USD tested $30k support before moving higher

    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: to rise to $0.16

Joshua O'Sullivan by Joshua O'Sullivan
December 14, 2020
in Cardano News
4 min read
cardano price prediction
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL;DR Breakdown

  • Cardano price prediction expected to rise to $0.16
  • Bulls in control into mid-December
  • Little sign of bearish action ahead
  • Volatility decreasing with bullish activity
  • Overall ADA market looks to be bullish into late December 2020

Cardano (ADA) is currently undergoing preparations to upgrade to the next stage on it’s roadmap dubbed Goguen. As preparations are underway, ADA price begins to rise.

ADA price has seen a steady decline into December, but looks set to take bullish action once again before concluding the year 2020.

At the time of writing, ADA price currently sits at $0.1551 – up 0.78 percent from it’s opening price today of $0.1540.

Use the oscillator below to check what role ADA might play in your portfolio.

Technical Analysis for ADAUSDT by TradingView

Cardano price prediction: 1-Day chart overview

Cardano price prediction: to rise to $0.16 1

The 1-Day chart show a steady decline in ADA price starting on the first day of December 2020 and progressing through the first week. The bearish activity seems to have now turned bullish as ADA price climbs from $0.14 to $0.155 in the last three days.

The Relative Strength Index (RSI) indicator shows us a consistent RSI level that is neither overbrought or oversold. Alongside this is the Historical Value Index (HV) which shows a correlation in which bullish momentum results in a reduction of volatility. This suggests a bullish trend is set to continue into late December until the ADA price RSI value breaches 70, and is considered overbought.

Cardano price prediction: 1-Week chart overview

Cardano price prediction: to rise to $0.16 2

Observing the 1-Week chart overview, ADA saw a significant boost in price in mid-November. This is very strange as almost all other cryptocurrencies completely deteriorated in price as the result of the Bitcoin price correction on the 25th of November 2020.

RelatedPosts

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

Cardano price prediction: ADA finally moving above $0.35 with a strong impulse

The 1-Week chart RSI is bordering on the high mark, potentially signalling an overbought status, and a soon impending bearish response. HV levels though, are seeing a consistent plateau as volatility decreases minutely as ADA begins the week bullish.

Volume still remains low so, it is likely we won’t see huge movement in the next few days.

Cardano price prediction: volatility levels

Cardano price prediction: to rise to $0.16 3

The ADA volatility chart depicts ADA at a high volatility level that shows signs of slight reduction towards 2021.

As can be seen from historical volatility patterns, this peak in volatility for ADA may well result in a swift bearish plummet suddenly if we go by past history.

Cardano price prediction conclusion: ADA to reach $0.16, but potential for sudden bearish plummet by the end of the week

Cardano price prediction: to rise to $0.16 4

This price prediction concludes that ADA price will continue bullish through the week towards $0.16 but may see sudden bearish retaliation. This prediction is crafted around the concerning volatility levels, the natural bearish flow of the market, and the history of ADA price swings.

Observing the RSI, HVI, and volume levels – ADA price charts depict short-term volatility reduction, increasing RSI levels, and slow bullish movement. If this bullish pattern were to continue, it could be expected that a resistance level will be found by the end of the week. At that point, a sudden bearish drop could potentially be expected in lieu of volatility levels/history.

As always, trade carefully, safely, and only trade what you can afford to lose.

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
Joshua O'Sullivan

Joshua O'Sullivan

Joshua has been a professional writer, editor and proofreader for close to a decade. He has created books, resuscitated multiple patients and managed to survive multiple life threatening experiences. With these experiences, he is always willing to strive to the challenge of any opportunity presented.

Related Posts

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
Cardano price
Cardano News

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

January 17, 2021

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

3 Great Places to Buy Bitcoin In 2021 5

3 Great Places to Buy Bitcoin In 2021

January 23, 2021
Bitcoin mining chips

Bitcoin mining chips scarcity: Samsung planning to Bankroll chip making plant

January 22, 2021
Bitcoin whale Bitcoin US Senator Circle CEO Bitcoin adoption BitMEX Mobile app Max Keiser Bank Crisis Bitcoin price Nasdaq listed MicroStrategy

Bitcoin whale MicroStrategy invests more in Bitcoin during dip

January 22, 2021
Polkadot price

Polkadot price prediction: DOT to rise to $20.00

January 22, 2021
Litecoin price prediction

Litecoin price prediction: LTC rebounds after failing to reach $120

January 22, 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 6

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.