- The Cardano price is at an upward trend of around 7.7% during the intraday trading session.
- The 24-hour trading volume is at $5,881 billion.
- ADA/BTC pair is also trading positive by 2.9% at 0.00006102 BTC.
The daily technical chart and price action of Cardano present an upward trend. According to the pivot levels, the initial support level is $2.35. On another view, if it races up, the resistance level to watch is $3.40. Although the chart creates a bullish engulfing candlestick pattern within the day, it is foretold that the price may continue upwards with medium dependability.
Ichimoku Cloud is composed of lead-1 and lead-2 with a displacement value of 1. It operates as a leading indicator and pivot level of asset price changes. Investors can witness the price break above the Red Moku Cloud, and now it glides over the Green Moku Cloud, so the cost is above the green Moku Cloud, ensuring the upward trend of ADA.
The volume of (247.622M) is above the MA of 20-days (414.281M). In conclusion, the volume is moderate, making its price settle at the resistance zones. Investors may also note that the volume bars on the chart are inclining, which hints that notable volatility is expected in the upcoming trading session.
The Schaff Trend Cycle indicator (bullish) with a 100 represents a buy signal in the coin, projecting an upward trend. Additionally, Investors can see a green buy signal and an upward slope in the index.
Cardano Price Expecting $4.50 This Year
Cardano’s price today is 3.05 US dollars, and the 24-hour trading volume is 5,883,959,769 US dollars. The price of ADA has increased by 8.2% in the past 24 hours. There are 32 billion ADA coins in circulation, with a total of 45 billion. The STC indicator shows a buy signal, and the traders have guided moderate volume. Technically, the price resides around the resistance zones and continues in an upward trend. Accordingly, as with the overall market viewpoint, the trend remains bullish for upcoming trading sessions.
Resistance Level: $3.40
Support Level: $2.35