Cardano Price Prediction
Cardano (ADA) rose above the 20-day simple moving average (SMA) of USD 0.77 on Friday, indicating that buyers are returning.
Sellers attempted to push the price below the 20-day simple moving average (SMA) on Sunday, but the bulls held firm. The rebound from the 20-day SMA on Monday met selling pressure at higher levels.
A break and close below the 20-day SMA weakens the bullish momentum. The price of Cardano could then drop to the 50-day SMA (USD 0.71).
Buyers will regain control if they push the ADA/USDT pair above USD 0.86. That would open the doors to a rally up to USD 0.94.