Cardano Price Prediction for Today, September 9 – ADA Technical Analysis

The
Cardano
price
prediction
reveals
that
ADA
is
moving
bullishly
with
a
gain
of
3.37%,
as
the
coin
prepares
for
a
bullish
cross
above
the
21-day
moving
average.

Cardano
Prediction
Statistics
Data:

• Cardano
  price
  now
  –
  $0.33
• Cardano
  market
  cap
  –
  $12.3
  billion
• Cardano
  circulating
  supply
  –
  35.9
  billion
• Cardano
  total
  supply
  –
  37.1
  billion
• Cardano
  Coinmarketcap
  ranking
  –
  #11

It’s
often
recommended
to
get
involved
in
crypto
projects
as
early
as
possible,
and

Cardano
(ADA)
is
a
prime
example
of
why
timing
can
matter.
Since
its
all-time
low
of
$0.01735
back
in
October
2017,
the
token
has
surged
an
impressive
1880.68%.
For
those
who
got
in
early,
the
returns
have
been
substantial,
even
though
the
current
price
is
well
below
its
all-time
high
of
$3.10,
reached
in
September
2021.
Currently,
the
token’s
price
has
fluctuated
between
$0.3363
and
$0.3484
over
the
past
24
hours,
reflecting
the
dynamic
nature
of
the
market.

ADA/USD
Market

Key
Levels:

Resistance
levels:
$0.40,
$0.42,
$0.44

Support
levels:
$0.26,
$0.24,
$0.22

ADA/USD
is
seen
trading
in
the
green
at
the
time
of
writing
as
the
coin
gets
ready
to
cross
above
the
21-day
moving
average.
According
to
the
daily
chart,
the
candle
formation
is
currently
following
the
upward
movement
but
sliding
below
the
9-day
MA
might
position
the
market
price
back
toward
the
south,
and
the
closest
support
level
is
around
the
$0.30
level.

Cardano
Price
Prediction:
ADA/USD
May
Spike
to
the
Upside

The
Cardano
price
has
recently
experienced
fluctuating
price
movements,
showing
initial
strength
earlier
in
the
week
before
encountering
a
bearish
rejection.
This
analysis
delves
into
ADA’s
current
price
action,
focusing
on
key
support
levels
and
the
potential
for
a
rebound.
On
the
contrary,
the
current
support
at
$0.32
is
crucial.
If
this
level
holds,
Cardano
may
consolidate
around
it,
but
if
it
breaks,
the
next
significant
support
is
at
$0.28.
Additionally,
a
long-term
trendline
that
has
historically
held
up
the
price
will
play
a
key
role
in
determining
if
ADA
can
maintain
its
current
level.

Meanwhile,
the
Cardano
future
largely
depends
on
Bitcoin’s
performance
and
the
overall
market
sentiment.
If
Bitcoin
strengthens,
Cardano
may
consolidate
and
hold
its
support.
However,
with
bearish
momentum
prevailing,
there
is
a
significant
risk
that
ADA
could
drop
to
lower
levels,
particularly
if
market
conditions
do
not
improve.
Traders
should
watch
key
support
levels
and
Bitcoin’s
influence
closely.
The
critical
supports
could
be
located
around
$0.26,
$0.24,
and
$0.22
if
the
selling
volume
increases.
Nevertheless,
the
9-day
MA
is
below
the
21-day
MA
but
the
market
may
gain
more
upwards
if
it
heads
to
the
upside.

ADA/BTC
May
Begin
the
Bullish
Movement

Against
Bitcoin,

the
buyers
are
pushing
the
Cardano
price
above
the
9-day
and
21-day
moving
averages.
Meanwhile,
from
the
upside,
the
nearest
level
of
resistance
lies
near
the
upper
boundary
of
the
channel
at
700
SAT
and
above.

On
the
contrary,
the
nearest
support
could
be
located
at
580
SAT,
if
the
price
drops
further
to
create
a
new
low,
lower
support
could
be
found
at
525
SAT
and
below.
Meanwhile,
if
the
9-day
MA
crosses
above
the
21-day
MA,
this
could
be
a
confirmation
that
the
market
may
follow
the
upward
movement.

However,
@WorldOfCharts1
shared
with
his
34k+
followers
on
X
(formerly
Twitter)
that
#Cardano
(ADA)
is
positioned
for
a
strong
rebound,
currently
consolidating
within
a
classic
falling
wedge
pattern.
A
successful
breakout
from
this
setup
could
drive
#ADA
toward
the
$1
target
with
impressive
momentum.
????

$Ada

#Cardano
(ADA)
Is
Poised
For
A
Significant
Rebound,
Currently
Consolidating
Within
A
Classic
Falling
Wedge
Pattern.
A
Successful
Breakout
From
This
Formation
Could
Propel

#Ada
Directly
Towards
The
$1
Mark
With
Astonishing
Momentum.
????

pic.twitter.com/hd8SwJJsdK

—
World
Of
Charts
(@WorldOfCharts1)

September
8,
2024

Alternatives
to
Cardano

Cardano
is
trading
around
$0.33
and
could
break
above
the
21-day
moving
average.
Within
the
descending
channel,
the
nearest
resistance
is
at
$0.35,
followed
by
another
at
$0.38.
Should
the
market
gain
momentum,
additional
resistance
may
be
encountered
near
the
upper
boundary
of
the
channel.
Meanwhile,
traders
are
shifting
focus
to
a
rising
cryptocurrency,

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