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Analytics

Cardano (ADA) Price Prediction for March 1

By admin
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Cardano (ADA) Price Prediction for March 1

The prices of most cryptocurrencies are going up today, according to CoinStats.

Cardano (ADA) Price Prediction for March 1

ADA/USD

The rate of Cardano (ADA) has increased by 5.76% since yesterday.

Cardano (ADA) Price Prediction for March 1

On the hourly chart, the price of ADA is on the way to the local support of $0.6286. If the daily candle closes around that mark, there is a chance of a level breakout, followed by a further decline to the $0.62 range.

Cardano (ADA) Price Prediction for March 1

On the daily time frame, the picture is bearish as the bar is about to close near the recently formed support of $0.6263.

If bulls cannot seize the initiative, one can expect a test of the $0.60 area soon.

Cardano (ADA) Price Prediction for March 1

From the midterm point of view, there are no reversal signals yet. If a return to the nearest zone of $0.70 does not happen, the correction is likely to continue to the $0.5192 level.

ADA is trading at $0.6322 at press time.

Source

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