Price Predictions

Cardano (ADA) Price Prediction: ADA Could Ignite a Strong Upswing Soon

Key Takeaways:

  • The Cardano (ADA) price closed the previous day’s trade at INR 69.39 with a market capitalization of INR 3185 Cr and a circulating supply of 3375 Cr ADA
  • The ADA price despite swinging with a bearish well appears to be poised to rebound strongly to hit INR 100 at the earliest

Cardano Price Analysis:  Will ADA Price May Hit INR 100 in April?

Each time the ADA price displays a significant bullish momentum, it results in a strong and deep plunge. And hence despite a rebound, the price reaches its immediate highs and consolidates further. Therefore, a notable recovery can be expected throughout April’s trade. 

The price could reach the monthly highs around INR 93 initially. Further maintaining a similar trend, it may hit a three-digit figure by the end of the month. Conversely, bears are expected to get activated at INR 100 or above INR 90. And hence the price could be restricted below INR 95 which appears pretty unlikely. 

Cardano Price Prediction: How High Will ADA Price Go in 2022?

Cardano price attempted to slice through the descending consolidation but the current month’s trade dragged the price down after a minor accumulation. Currently, ADA price in long term appears bearish and possesses a significant chance to plunge close to INR 60 or below. However, a strong flip may pull back the price close to INR 300 by the end of the month. 

An uptrend may begin when the price hits INR 110 which can drag the price beyond INR 150 initially and later close to INR 200. Nevertheless, to close the yearly trade, the price could try to reach the ATH at INR 230 only if it sustain above INR 200 in the second half of the 2022 trade. Else the price may be restricted below INR 180 throughout the year.

Cardano Price Analysis: ADA Price Table (Last 07 Days) 

Date All-Time High All-Time Low Market Capitalization
21 April 2022 INR 74.04 INR 68.02  INR 3185 Cr
20 April 2022 INR 74.58 INR 71.14 INR 3178 Cr
19 April 2022 INR 72.98 INR 70.61 INR 3177 Cr
18 April 2022 INR 71.66 INR 66.78 INR 3148 Cr
17 April 2022 INR 73.36 INR 69.63 INR 3174 Cr
16 April 2022 INR 73.44 INR 71.53 INR 3179 Cr
15 April 2022 INR 73.13 INR 70.92 INR 3220 Cr

Additional Read: Cardano Technical Analysis.

Cardano Price Prediction: ADA Price Trend Comparison with XRP (Last 30 Days)

Source: Tradingview

ADA and XRP are among the top altcoins in the crypto space that have secured their positions at the top10. The ADA price showcased huge strength compared to that of XRP, but currently, both the assets are heading towards the south. No doubt both are trying hard to flip but may visit the lower support first. The Cardano price after slipping from 36% is hovering around 3% while the XRP price is plunged below-average levels by 1.77%.

Correlation of ADA/USDT and ADA/BTC (Last 30 Days)

Source: Tradingview

Cardano showcased huge strength with the USDT pair compared to that of the BTC pair. The USDT pair witnessed a huge parabolic swing to reach the highs of around 36% and further dropped hard to the current levels at around 2.97%. On the other hand, the ADA/BTC pair despite a significant recovery yet fell into a deep bearish weel. The pair after consolidating in between 10% to 15% for a stipulated time, dropped hard to the current levels around -1.18%. 

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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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