CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
coinpedia 2025-03-18 05:40:50

Cardano (ADA) Price Prediction for March 18

The post Cardano (ADA) Price Prediction for March 18 appeared first on Coinpedia Fintech News ADA, the native token of the Cardano blockchain, appears to be continuing its ongoing consolidation. Over the past week, ADA has been trading within a tight range between $0.69 and $0.75. However, the prevailing market uncertainty has left investors and traders uncertain about building positions, as they await clearer market direction in the coming days. Cardano (ADA) Technical Analysis and Upcoming Level According to expert technical analysis, ADA is currently at the lower boundary of its consolidation zone and is poised for upside momentum, provided it holds above the $0.69 level in the coming days. Based on recent price action and historical patterns, if ADA remains above this lower boundary, there is a strong possibility it could soar by 9% to reach the $0.75 level. However, if the asset falls below the $0.68 level, it could decline further to $0.65. Source: Trading View On a lower time frame, the asset is in a downtrend, as indicated by the 200 Exponential Moving Average (EMA) on the four-hour chart. Current Price Momentum and Over-Leveraged Levels ADA is currently trading near $0.70 and has experienced a 1.5% price drop in the past 24 hours. However, during the same period, its trading volume declined by 12%, indicating traders’ and investors’ fears, as they have reduced their participation compared to the previous day. Looking at the current market sentiment, it appears that bears are dominating the asset, as reported by the on-chain analytics firm Coinglass . Source: Coinglass Data reveals that traders are currently over-leveraged at $0.69 on the lower level, where they have built $9.70 million worth of long positions. Another over-leveraged level is $0.734, where traders betting on the short side are holding $11.40 million worth of short positions.

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约