Cardano (ADA) Prediction for August 22

As a seasoned analyst with over a decade of experience in the crypto market, I have seen numerous ups and downs, bull runs, and bear markets. Having witnessed the meteoric rise and fall of many digital assets, I approach every new trend with a cautious optimism.


Buyers have energy for an ongoing rise, according to CoinMarketCap.

Cardano (ADA) Prediction for August 22

ADA/USD

The price of Cardano (ADA) has risen by 4.39% since yesterday.

Cardano (ADA) Prediction for August 22

On an hourly basis, the price of ADA could be establishing a temporary ceiling at around $0.3743. Should the day’s closing price significantly deviate from this level, the downward trend might persist and reach the support area by the following day.

Cardano (ADA) Prediction for August 22

Looking at a broader perspective, the price has rebounded from the resistance level of approximately $0.3730. If bulls fail to take control before the end of the day, there’s a possibility that the price might decline towards the $0.36 region by the close of the week.

Cardano (ADA) Prediction for August 22

From the midterm point of view, one should pay attention to the weekly candle closure.

If it occurs close to its maximum point, a further rise could potentially prompt a quick test of the $0.38-$0.40 level soon.

ADA is trading at $0.37 at press time.

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2024-08-22 19:21