The post Cardano (ADA) Price Prediction For March 29 appeared first on Coinpedia Fintech News
With a price decline of 6% over the past 24 hours, ADA, the native token of the Cardano blockchain, reached a key level and is on the verge of a massive price drop. Over the past week, ADA has been consolidating in a narrow range between $0.69 and $0.75.
Cardano (ADA) Technical Analysis and Upcoming Levels
However, due to a bearish market sentiment and a notable price decline, ADA has reached the lower boundary of the zone and is on the verge of breaking out of this consolidation.
According to expert technical analysis, ADA has turned bearish and weak as it falls below the 200 Exponential Moving Average (EMA) on the daily timeframe. Despite the weak and bearish trend, if the asset price falls below the $0.69 level, there is a strong possibility it could drop by 9% to reach $0.64 in the coming days.
Source: Coinglass
However, historically, whenever ADA’s price reached the lower
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