Cardano is gaining slightly today as the bulls seek to rally out of the bearish zone. Its trading volume is down by over 15%, but its price has entered a consolidation phase. ADA is trading above its 7-day low of $0.3512, implying that a return to the 7-day high of $0.3967 remains possible. ADA Price Prediction ADA is in a sideways trend today, staying above its 200-day Simple Moving Average (SMA) as the bulls seek to push it to an uptrend. Its price action in the last three days shows that the bears and bulls are even in the market. However, it is below the 50-day SMA, a short-term bearish sentiment for the asset. Related Reading: Cardano May Sink To This Level As Bears Keep Gaining Leverage Also, the Relative Strength Index (RSI) is 40.70 in the neutral zone and moving upwards. The RSI suggests that the bulls will likely reclaim control of the asset’s price action in the coming days. ADA’s Moving Average Convergence/Divergence (MACD) is below its signal line and showing negative values. It is a bea ..
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