Cardano Price Prediction: Will ADA Price Rejection From $0.35 Barrier Resume Prior Downfall?
Cardano Price Prediction: the ongoing recovery rally in Cardano coin price halts at the $0.35 local resistance zone. On March 14th, the daily chart shows the buyers failed to surpass the $0.35 barrier with a long-wick price rejection, indicating that traders are selling during price rallies. If the selling pressure persists, the ADA price is likely to prolong the prior correction phase.
Key Points:
- A bearish reversal sign at $0.35 resistance puts Cardano coin on a 16% downside risk
- Several technician levels accumulate near the $0.35 mark creating a strong supply zone
- The intraday trading volume in the ADA coin is $624 Million, indicating a 10% gain.
Source- Tradingview
With the increasing bullishness in the crypto market, the Cardano coin rebounded from the psychological support of $0.3. The resulting bullish reversal backed by growing volume surged the coin price by 18.45% where it hit a flipped resistance of $0.35
However, on March 15th, the buyers tried to breach the aforementioned as well but by the day’s end, the daily candle closed below $0.35. This long rejection candle indicates the sellers are defending the level and may pressurize the price to resume proclaiming correction.
Also Read: Top Crypto Copy Trading Platforms For 2023
If the Cardano coin faces more signs of selling pressure at $0.35 in the coming days, the prices are likely to turn down and retest the local of $0.325 and $0.3.
On a contrary note, if the buyers reattempt to prolong this recovery phase, the price will need a daily candle closing above the $0.35
Technical Indicator.
Relative Strength Index: the daily RSI slope jumped back to the midline(50%) indicating the market sentiment is neutral.
EMA’s: the daily EMAs(20, 50, and 100) accumulated near the $0.35 mark creating a strong resistance level against buyers.
Cardano Coin Price Intraday Levels
- Spot price: $0.344
- Trend: Bullish
- Volatility: Medium
- Resistance level- $0.35 and $0.377
- Support level- $0.327 and $0.3
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
- TRUMP Coin Whales Reach 5-Month High Ahead Gala Luncheon For Top Token Holders
- CLARITY Act: Crypto Industry and Banks Near Deal as Bill’s Odds Jump Above 60%
- Breaking: Trump Says Iran Wants To Make A Deal With U.S., Bitcoin Rises
- Top 3 factors Why XRP Price is Skyrocketing Today (16th March)
- Ethereum Targets $4K as Peter Brandt Flags Potential ETH Bottom
- MSTR Stock Prediction as Strategy Makes Largest Bitcoin Purchase in 2026 and Analyst Targets BTC Price $100K
- Pi Network Price Prediction After Smart Contract and Second Migration Launch
- Pepe Coin Price Surges 20%- How High Can it Go in March?
- Is XRP Price Gearing Up For $2 Level As BTC Rebounds Above $74k?
- Cardano’s $0.50 Resistance- Can “Midnight” Alpha Defy the Fog of War?
- Bitcoin and XRP Price Outlook If the Senate Banking Committee Approves the CLARITY Act
