- ADA’s price is down 1.83% over the last 24 hours.
- The altcoin’s price is looking to retest the resistance level at $0.3888.
- Technical indicators suggest that ADA’s price will rise in the coming 24-48 hours.
Cardano is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Bitcoin are limited by the infrastructure burden of growing costs, energy use, and slow transaction times.
ទីផ្សារបច្ចុប្បន្ន
Cardano (ADA) is ranked as the 8th biggest project in terms of market cap, according to CoinMarketCap, and experienced a 24-hour price drop of 1.83% – taking its price down to $0.3861 at press time. The Ethereum-killer’s market cap currently stands at $13.35 billion.
ទន្ទឹមនឹងនេះ ទំហំពាណិជ្ជកម្ម 24 ម៉ោងរបស់ ADA បច្ចុប្បន្នមានចំនួន 303,771 លានដុល្លារ។ លើសពីនេះ តម្លៃ ADA កាន់តែជិតដល់កម្រិតខ្ពស់ 24 ម៉ោងនៅ $0.392212 ។ កម្រិតទាបប្រចាំថ្ងៃរបស់ altcoin ឈរនៅ 0.379802 ដុល្លារ។
Despite ADA’s price dropping over the last 24 hours, the weekly performance for the altcoin’s price remains in the green at +7.33%.
ទិដ្ឋភាពបច្ចេកទេស
ADA’s price is attempting to overcome the resistance level at around $0.3888. Yesterday, the altcoin’s price attempted to break above the level but was brought back down by an avalanche of sell volume that saw ADA’s price close yesterday’s trading session at $0.3819.
Technical indicators on ADA’s daily chart suggest that តម្លៃ ADA will break above the aforementioned resistance level again soon. One such technical indicator is the 9-day EMA line which is bullishly positioned above the 20-day EMA line and is currently holding ADA’s price up.
In addition to the bullish flag present with the 9-day and 20-day EMA lines, the daily RSI indicator is also showing early signs of a bullish flag. Currently the daily RSI line is sloped positively towards overbought territory. However, the daily RSI line is positioned below the daily RSI SMA line, which is a bearish flag.
Should the daily RSI line cross above the daily RSI SMA line, then ADA’s price may have enough bullish momentum to break above the resistance level at $0.3888. If bulls step in following the break above the resistance level, then ADA’s price will look to target $0.4167. On the other hand, weak bull activity after the break above the resistance may result in a fake out.
Given that ADA’s price is currently being squeezed by the 9-day EMA and the $0.3888 resistance, it’s fair to say that there will be a breakout in ADA’s price in the coming 24-48 hours. This breakout may be towards the upside as technical indicators suggest that there is bullish support for the altcoin.
ការមិនទទួលខុសត្រូវ: ទស្សនៈ និងមតិ ក៏ដូចជាព័ត៌មានទាំងអស់ដែលបានចែករំលែកនៅក្នុងការទស្សន៍ទាយតម្លៃនេះត្រូវបានបោះពុម្ពផ្សាយដោយស្មោះត្រង់។ អ្នកអានត្រូវតែធ្វើការស្រាវជ្រាវ និងឧស្សាហ៍ព្យាយាម។ សកម្មភាពណាមួយដែលធ្វើឡើងដោយអ្នកអាន គឺស្ថិតក្នុងហានិភ័យផ្ទាល់ខ្លួន។ Coin Edition និងសាខារបស់វានឹងមិនទទួលខុសត្រូវចំពោះការខូចខាត ឬការបាត់បង់ដោយផ្ទាល់ ឬដោយប្រយោល។
Source: https://coinedition.com/cardano-price-analysis-what-to-expect-in-the-next-48-hours/