Cryptocurrency Cardano (ADA) Price Forecast

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Cryptocurrency (Rank #8)
Cardano ADA
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Cardano Price ADA
$0.54081 -3.13%
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High (24h) ADA
$0.5616
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Low (24h) ADA
$0.5338
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Circulating Supply
33,820,262,544
ADA
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Market Capitalization ADA
$18,297,308,376.00
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Volume Total ADA
$759,656,792.00
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All Time High ADA
$3.09

Cardano (ADA) Realtime Price & Global Market Data Chart

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Cardano Global Market Data
ADA History, Market Capitalization & Volume
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Cardano Global Market Data
ADA History, Market Capitalization & Volume
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Cardano (ADA) Price Forecast, Price Target & Price Average

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Market Capitalization ADA
$18,297,308,376.00
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Cardano Price ADA
$0.54081 -3.13%
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AVG Price (30d) ADA
$0.5167
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Forecast (24h) ADA
$0.5537
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Cardano Long Forecast
ADA Long Forecast
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Best Time Buy ADA
10:57 AM UTC
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Best Time Sell ADA
10:39 AM UTC
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Return of Invest (14d) ADA
-9.53%
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Forecast Accuracy
95.70%

Cardano (ADA) TensorFlow Model Prediction & Forecast Accuracy

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Cardano TensorFlow Model
ADA TensorFlow Model
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Cardano (ADA) Chart Analysis, Candlestick Chart

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Cardano (ADA) Simple Moving Average & Exponential Moving Average Chart

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Cardano EMA
ADA EMA
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Cardano (ADA) Moving Average Convergence Divergence & Trade Volume Chart

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Cardano Trade Volume
ADA Trade Volume
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Cardano (ADA) Seasonal Data Chart & Time Slot Chart

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Cardano Seasonal Data
ADA Seasonal Data
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Cardano (ADA) Forecast Report

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Cardano (ADA) Forecast Report for the 18.08.2022

The live Cardano price today is $0.541 with a total trading volume of $759,656,792.00. Cardano is down ,-3.13% in the last 24 hours. The current ranking is #8, with a live market cap of $18,297,308,376.00. It has a circulating supply of 33,820,262,544 ADA coins. The highest closing price of Cardano (ADA) in the current month August was at a price of $0.590 and thus -80.77% under its all-time high of 02.09.2021 at $3.09.

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Cardano (ADA) current trend & trend change

The current market trend for Cardano (ADA) is currently bullish. The last Doji Star indicator for a trend change was on 18.08.2022 and was quoted at a price of $0.540. This indicator could be interpreted for a upwards trend change can be interpreted.

Definition and Interpretation of Trends & Trend Changes

The Doji Star indicates certainty or uncertainty in a trendline, suggesting a possible end to an uptrend or downtrend. However, the Doji Star does not provide a concrete trading signal, but indicates a change in the current trend. With this indicator, bulls and bears are in balance, a possible end of the upward or downward trend is announced. Here, however, this reversal must be reinforced by a confirmation on the third day. This can be done, for example, by a large gap up or down or a higher or lower close.

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Cardano (ADA) Resistance & Support

The last high from 14.08.2022 at $0.590 was with 1.07% above the resistance of $0.590 and could could be broken through. Support is currently received by the Cardano (ADA) price at the $0.450 support line and is holding with 32.56% above this.

Definition and interpretation of resistance & support

Resistance line is the term used in charting to describe a horizontal line at which a price increase has been stopped several times in the past, i.e. at least twice, and is formed by connecting past highs in the chart. The support line is the counterpart of the resistance line and like the latter, a horizontal line in the chart. A support line is formed by connecting those lows in a chart that have the same price value. Therefore, it indicates a value at which a price decline has been stopped several times in the past.

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Cardano (ADA) Simple Moving Average

The currently quoted Cardano (ADA) price is located with $0.541 above the simple moving average and can be considered as bullisch signal. Both an important buy signal and sell signal pattern have been identified.

The buy signal pattern for Cardano (ADA) was detected on 20.07.2022 at a price of $0.465 could be determined. The sell signal pattern for Cardano (ADA) could be determined on 17.06.2022 at a price of $0.501 could be determined.

Functioning of Simple Moving Average

In a Simple Moving Average, the arithmetic average of the base price in the observation period is calculated. The closing prices in the observation period are added and divided by their number. Each day in the observation period is thus given the same weight, for example, in the case of a 10-day average, each individual day has a weight of 10%, and in the case of a 5-day average, each individual day has a weight of 20%.

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Cardano (ADA) Exponential Moving Average

The currently quoted Cardano (ADA) price is at $0.541 above the exponential moving average and can be considered as bullisch signal. Both an important buy signal and sell signal pattern have been identified.

The buy signal pattern for Cardano (ADA) was detected on 19.07.2022 at a price of $0.471 could be determined. The sell signal pattern for Cardano (ADA) could be determined on 12.06.2022 at a price of $0.573 could be determined.

How Exponential Moving Average Works

The exponential moving average gives more weight to recent prices than to prices further back in time, but the calculation does not refer to a fixed period (of n days), but takes into account all existing data series. This is achieved by subtracting yesterday's exponential moving average from today's closing price and then multiplying this difference by an exponential valuation factor.

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Definition and Interpretation of Moving Average.

The moving average is used to show the course of a price over a certain period of time. This allows the average price to be seen at a glance. As the number of n-periods increases, the course of the price is smoothed more and more in order to get a clearer picture and to be able to recognize trends better.

If the price of a cryptocurrency quotes above the selected moving average, then it can be considered a bullish signal. If the price quotes below the moving average, then this is to be understood as a bearish signal. It should always be kept in mind the so-called danger of overheating, which occurs when the prices that are above the moving average line of interest continue to rise. Then it can quickly happen that a reversion to the moving average occurs. A trend reversal with retracements may also be imminent in some cases.

If the moving average describes a descending curve and prices have been above this moving average so far, then selling should be done. In the opposite case, a weak buy signal can be seen. If prices continue to fall below the relevant line, there is a chance of a trend reversal to the upside. Whereby such statements should always be taken with caution and should never be the sole component of a decision-making process.

Concrete buy and sell signals arise when the faster (the one with the shorter period) of the switched on moving averages breaks through the slower moving average from the bottom to the top. A sell signal, on the other hand, occurs when the faster moving average breaks the slower moving average from top to bottom. There are many ways to calculate the moving average, but the most commonly used is the so called Simple Moving Average (SMA).

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Cardano (ADA) Moving Average Convergence Divergence

The current MACD value of 0.01 can be interpreted as bullish signal The buy signal pattern for Cardano (ADA) could be seen on 05.08.2022 with a MACD of 0.009 could be determined. The sell signal pattern for Cardano (ADA) could be determined on 18.08.2022 with a MACD of 0.014 could be determined.

Definition and Interpretation of Moving Average Convergence Divergence

MACD (Moving Average Convergence Divergence) is a commonly used indicator in market engineering. The MACD visualizes the convergence and divergence of the moving average and belongs to the so-called trend followers. To determine the MACD, two different exponentially weighted moving averages are needed, which are calculated from data series of closing prices. The MACD is the difference between the shorter (faster) average and the longer (slower) average.

A rising MACD indicates an uptrend in a cryptocurrency, while a falling one indicates a downtrend. The greater the distance of the MACD from its zero line, the stronger the trend. When the MACD line crosses the signal line upwards, a buy signal is created. On the other hand, if the MACD crosses the signal line from the top to the bottom, it advises selling.

If the price of a cryptocurrency reaches new highs and these are not confirmed by simultaneous highs in the MACD, this is called a negative divergence. This means that the market saturation of the cryptocurrency is high and selling and a falling price is to be expected soon. Conversely, it is a positive sign when new lows of the cryptocurrency are no longer confirmed by the MACD. This indicates that selling of the corresponding cryptocurrency is on the decline.

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Cardano (ADA) Time Span

The 24-hour time span analysis helps to identify closing price clusters. Over the last 180 days, the lowest closing prices have been identified at these times.

00:00 - 01:00 Clock, Number of Closing Prices 10

23:00 - 00:00 Clock, Number of Closing Prices 10

04:00 - 05:00 Clock, Number of Closing Prices 8

The highest closing price clusters were identified at these times

00:00 - 01:00 Clock, Number of Closing Prices 12

23:00 - 00:00 Clock, Number of Closing Prices 9

01:00 - 02:00 Clock, Number of Closing Prices 7

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Cardano Price Target ADA
28 Days Forecast for Cardano (ADA)
date Change Forecast Price
19.08.2022
2.39%
~ $0.5537
20.08.2022
1.06%
~ $0.5465
21.08.2022
-0.65%
~ $0.5373
22.08.2022
-3.34%
~ $0.5227
23.08.2022
-5.58%
~ $0.51063
24.08.2022
-1.14%
~ $0.5346
25.08.2022
-4.50%
~ $0.5164
26.08.2022
-3.44%
~ $0.5222
27.08.2022
-6.71%
~ $0.50455
28.08.2022
-3.85%
~ $0.5200056
29.08.2022
-2.53%
~ $0.5271
30.08.2022
-9.70%
~ $0.4883
31.08.2022
-8.29%
~ $0.4959
01.09.2022
-6.35%
~ $0.50645
02.09.2022
-3.90%
~ $0.5197
03.09.2022
4.38%
~ $0.5645
04.09.2022
2.97%
~ $0.5568
05.09.2022
1.19%
~ $0.5472
06.09.2022
-1.44%
~ $0.53303
07.09.2022
-2.48%
~ $0.5274
08.09.2022
1.85%
~ $0.550804
09.09.2022
-0.39%
~ $0.5387
10.09.2022
-5.50%
~ $0.51106
11.09.2022
-2.93%
~ $0.5249
12.09.2022
-1.66%
~ $0.5318
13.09.2022
-3.28%
~ $0.52307
14.09.2022
5.19%
~ $0.5688
15.09.2022
3.85%
~ $0.5616

Cardano (ADA) General Data

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Hashing Algorithm ADA
Not available
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Block Time ADA
Not available
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Twitter & Reddit Votes Up ADA
76.32%
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Twitter & Reddit Votes Down ADA
23.68%
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Trust Score ADA
62.43%
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Liquidity Trust ADA
74.42%
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Community Score ADA
56.94%
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Developer Score ADA
70.31%

Cardano (ADA) Social Media Data

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Twitter Followers ADA
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Reddit Subscribers ADA
699,367
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Reddit Posts (48h) ADA
4.111
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Reddit Comments (48h) ADA
121.333

Cardano (ADA) Description, Blockchain, Repository & Official Links