Cardano (ADA) Price Prediction: Will ADA Break Resistance or Face Another Rejection?

1d geleden•

bullish:

bearish:

ADA is at a critical point, facing strong resistance at $0.75. The 200-day EMA has been a barrier for 4 days now. Despite this however, traders are optimistic, placing high-leverage longs at key levels. But with declining volume and the possibility of a breakdown below support, ADA’s short-term is uncertain.

Will ADA break out or pull back? Let’s look at the technicals and market trends to predict ADA’s price action in the coming days.

Cardano’s Current Market Momentum

At the moment, ADA is trading at $0.721, down 0.26% in the last 24h. Volume is also down 10%.

This suggests that traders are waiting for a breakout or breakdown before committing big. If bullish momentum builds, ADA could test the resistance again. But if support breaks, it could go down further.

Key Levels to Watch

ADA’s price action recently has three zones:

Price Level	Significance
$0.75	Strong resistance at the 200 EMA
$0.68 – $0.65	Major support zone
$0.85	Next mild resistance after $0.75 breakout
$1.13	Potential bullish target
$0.62	Bearish target if support breaks

If ADA breaks $0.75 and confirms with a daily close above, it could be a 50% rally to $1.13. But if it fails to break resistance, it could be a 10% drop to $0.62 if selling increases.

Cardano Price Prediction — Cardano Price

Technical Indicators and Market Sentiment

1. 200 EMA Resistance Holding Strong

The 200-day EMA has been a strong resistance in the past and ADA hasn’t closed above it for 4 days. If the price stays below, the chances of a pullback increase.

2. Declining Volume

A 10% drop in volume means bullish momentum is weakening. If buying doesn’t pick up, ADA may not have the strength to break above resistance.

3. Overleveraged Long and Short

Coinglass on-chain data shows traders are placing high-leverage positions at key levels:

– $0.685: Over $15 million in longs

– $0.714: Over $5 million in shorts

Traders are betting both ways, with bulls slightly more. If the price moves against these positions, we could see liquidations trigger a big move in either direction.

4. RSI and MACD are Mixed

– The RSI is at 55, neutral momentum. Above 60 could confirm bullish strength, below 50 could signal bearish pressure.

– The MACD is flattening, market is indecisive. A bullish cross would mean up, bearish cross means down.

ADA Price Scenarios

Bullish case: ADA above $0.75 to $1.13

If ADA breaks $0.75 with volume, next target is $0.85 then $1.13. 50% up from current price.

Catalysts:

– Institutions start buying.

– Good news in the Cardano ecosystem.

– Bitcoin and rest of the market pops.

Bearish case: ADA below $0.75 to $0.62

If ADA fails to break $0.75, it will retest $0.68 – $0.65. Break below that and it’s a 10% drop to $0.62.

Bearish Triggers:

– Volume decreases.

– Market correction.

– Traders unwind leveraged positions, creating forced selling.

ADA Price Forecast for March 14 and Beyond

Date	Potential High	Potential Low	Likely Scenario
March 14	$0.75	$0.68	Consolidation around resistance
March 15 – 20	$0.85	$0.62	Breakout or breakdown depending on market momentum
March 21 – End of March	$1.13	$0.58	If bullish, ADA could rally toward $1.13; if bearish, it could drop further

ADA’s next move is dependent on if it can break above $0.75. If it does, then $1.13 is a target in the next few weeks. If not, then price could be pushed lower.

Conclusion

Cardano is at a crossroads. Traders are bullish with leveraged longs but ADA has yet to break the 200-day EMA at $0.75. A breakout and ADA will go to $1.13, a rejection and it will be a 10% drop to $0.62. As the market evolves, traders should watch volume, RSI and resistance levels.

For now, ADA is in a wait-and-see mode as both bulls and bears are fighting for control.

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