Cardano ADA price is on the rise again after correcting lower against the the USD for a few days. This Cardano news is just in time as investors were beginning to lose faith in the bullish Cardano price prediction 2019 that was initially posted on smartereum.com. Thanks to the erratic nature of Bitcoin, the price of Cardano has been unsteady as upward moves are quickly followed by downside corrections. To be fair, these downside corrections are necessary for the bullish momentum to continue. Today, the price of Cardano surged above the $0.0750 resistance converting it into a support area. If the bulls are able to maintain their ground above this level, there is a high chance that the price of ADA is going to hit $0.0900 in the next few trading sessions according to Cardano price prediction 2019 on Blockonomi.com. How high will Cardano go?
Cardano News Today – Cardano Price Analysis – ADA News Today – ADA/USD Surges – How High Will The Price Of ADA Go?
As soon as the price of Cardano ADA is able to break the resistance at $0.0900, it will be unstoppable and a surge to $0.1000 will be inevitable. In fact, the key bullish trendline is at $0.0880. You’ll recall that the price of ADA traded above the $0.1000 level a few days ago but was faced with resistance that slowly pulled ADA back to the $0.0750 level where it found support. After a while, the price of Cardano started moving higher until it got to the $0.0820 level were it found resistance again. When the price of Cardano ADA started surging, it broke the resistance at the 23.6% Fibonacci retracement level of the last fall from $0.1015 to $0.0750 but struggled to gain enough momentum to rise above $0.0880.
Cardano (ADA) Price Today – ADA / USD
Right now, there is strong resistance around the 50% Fibonacci retracement level of the last fall from $0.1015 to $0.0750. This was followed by a gradual fall below the support at $0.0830. It wasn’t too long until the bulls gathered momentum to surge higher again. Right now, the key support for the price of Cardano is at $0.0750. If Cardano falls below this support, lower lows will follow. However, it’s unlikely that the price of Cardano is going to fall below this support. The bulls are in full control of the market. How high will Cardano go? We have already established that the price of Cardano will cross the $0.0900 near-term. After this, it will surge higher against the USD and Bitcoin. If the price of Cardano crosses $0.0900, the next resistance will be at $0.0920 and another will be at $0.0950. This will be the last resistance before $0.1000.
Cardsno Price Prediction 2019 – Cardano News Today – Current Price Of Cardano ADA
At the time of writing, the price of Cardano ADA was $0.084269. This means that it is up by 3.68% against the USD and up by 1.48% against the price of BTC. The trading volume over a 24 hour period is $125,411,422 and the market capitalization is $2,184,858,771. Within the next few trading sessions, the price of Cardano ADA will most likely cross the $0.1000 level.
What do you think about the Cardano price prediction 2019 in our Cardano news today? Will the price of ADA surge against the USD? Share your thoughts in the comment section below.