Cardano Price Prediction Today: Breakout Above $1 Soon? | Airdrop Alert Pro

this Cryptocurrency market It is currently facing the downturn, and the price of the main coins is falling. The transaction price of Bitcoin (BTC) was $ 102,584.12, down 0.27 % in the past 24 hours, although it still showed a 2.77 % increase over last week. Ethereum (ETH) has dropped to $ 3,141.78. Cardano (ADA) fell to $ 0.9424, a decrease of 1.13 % in the past 24 hours, but in the past 7 days, its growth rate was 5.47 %. XRP also decreased slightly, and the transaction price was 3.11 US dollars, down 0.03 % within 24 hours.

Cardano price analysis

As of now, ADA holds a retreat of more than 50 %, and the major support of this level is about $ 0.83. In terms of resistance, Josh, an analyst of the encrypted world, said Cardano faces “golden bags” Fibonaci The area is between $ 1.13 and $ 1.23, which is a major obstacle.

Cryptocurrencies are essentially traded between these levels, fluctuating between $ 0.83 and $ 1.20 because it is difficult to erupt in any direction. Despite the price action on the side, the overall trend is still up, and the ADA will still form a higher low and higher high points on the weekly charts.

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For a higher move, Cardano needs to break through the golden pocket resistance. If this happens, the next goal will be about 1.70 to 1.76 US dollars, which will be consistent with the next Fibonaquan resistance area. However, if the price returns there, it is expected to continue to resist from the range of $ 1.13 to $ 1.23.

As usual, the important thing is to pay attention to Bitcoin price actionBecause it tends to affect a broader encryption market. Any major sports in Bitcoin may have a chain reaction to ADA and other cryptocurrencies.

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