ADA, Cordano
ADA, Cordano

ADA sets new All-Time High – Price Prediction

From 1.30$ to 1.80$ in a week, with a 38% gain, Cordano aka ADA has broken out to a new all-time high.

Today on May 10, 2021, ADA stands at 1.75$ with a 31% gain having a 56 billion dollar market cap and a 24-hour trading volume of 8.8 billion dollars. The current CoinMarketCap ranking is #5.

According to coinmarketcap,

“Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.”

Interested and wondering where to Buy? See here.

adachart
ADA Chart

Price Breakdown:

  • Cordano prices are expected to rise to ATH of 1.83$ again.
  • The price the should do a pullback to last resistance 1.78$
  • Now all the previous resistances turn to new support levels.
  • Having good support at 1.83$, with a gradual increase, the prices may rise to 2$ in the following week if the bull run continues.Cardano has been consolidating for the past 2 months in a small range between $0.95 and $1.48 and we have now finally broken the previous key resistance. The yellow line shows a great uptrend, if the price respect that line, we should expect to hit our target earlier than a week.

    Seeing the other side, tend to decline then we have two significant support levels to hold the price up. The first of these two is at 1.77$ which is strengthening with time as ADA rests there for now. Below that, we have stronger support from 1.62$ to 1.68$ that can assure the support to declining price.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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