Cardano Price Prediction: ADA price today, November 22, 2022


Cardano Price Prediction: ADA price today, November 22, 2022

Before it breaks out of the descending triangle pattern that offers resistance at $0.3445, Cardano price is expected to decline. Over the past seven days, Cardano’s price has fallen by more than 4%.

Cardano is expected to find immediate support on the downside around $0.4160 or $0.2915.

With a 24-hour trading volume of $271 million, Cardano is priced at $0.3285. Cardano has lost more than 2% in the last 24 hours. With a live market cap of $11 billion, CoinMarketCap is now at position 8.

There is a maximum of 45,000,000,000 ADA coins available, but 34,408,861,477 of them are currently in use.

On November 20, the opening price of the ADA/USD pair was $0.3368. With a high of $0.3443 and a low of $0.3334, ADA/USD is now trading at $0.3344. Also, the ADA/USD pair fell more than 10% a week ago.

Cardano price today, Cardano price forecast

The ADA/USD pair is trading in the negative this week, falling from $0.3435 to $0.3295. A break of this double bottom support could push Cardano’s price to the $0.2900 support as it approaches the immediate support area of $0.3207.

Leading indicators like MACD and RSI continue to point in a buying direction. The 50-day moving average, however, indicates a bearish trend. Therefore, a positive breach above $0.3350 could open up more room for buys up to $0.3435 or $0.3700.

While it is unlikely that Cardano will ever hit $2, a breakthrough and a candle close above $0.3535 could spark a new wave of buying.

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