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Cardano Price Prediction: ADA Reached Another New ATH

-Cardano (ADA) hits a new all-time high price of $1.48.
-ADA is now the third-largest crypto by market capitalization.
-The most interesting update is the Mary Cardano protocol update.

Cardano (ADA) hits a new all-time high price of $1.48. ADA is now the third-largest crypto by market capitalization. However, pushing Binance Coin (BNB) to fourth place.

Moreover, Cardano is a proof-of-stake blockchain platform. More so, the project combines pioneering technologies to offer secure and sustainable decentralized applications, systems, and societies.

Even more, the most interesting update in the project is the Mary Cardano protocol update. This update is one of the key milestones in the Goguen rollout.

Cardano (ADA) Price Prediction

According to CoinGecko, the ADA price is $1.45, at the time of writing.

ADA/USDT Price Chart (Source: TradingView)
  • Resistance level 1: $1.84
  • Resistance level 2: $2.32
  • Breakout level: $1.53
  • Support level 1: $1.23

The above chart shows the great performance of ADA over the past few days. Moreover, ADA shows a bullish trend. However, if the trend continues reaching the breakout level of $1.53. ADA will run along with the bulls, overtaking its $1.84 resistance level and climb higher to $2.32.

In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the ADA price might plummet to almost $1.23, a bearish signal.

Moreover, last week the ADA crossed $1 for the first time since 2018. Nevertheless, many started investing in Cardano. Recently, Gene Simmons, a bass player of the rock band Kiss bought $300,000 worth of Cardano.

Furthermore, there seems to be a strong outlook for the project, but more concrete upgrades would help to increase the sentiment among investors and holders.

Disclaimer: The opinion expressed in this chart solely the author’s. It is not interpreted as investment advice.

The News Crypto Staff

The News Crypto is a group of crypto journalists writing about the latest happenings in the crypto and blockchain industry.

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