Currencies33210
Market Cap$ 3.10T+0.63%
24h Spot Volume$ 42.14B+14.8%
DominanceBTC61.61%+0.63%ETH7.03%-1.71%
ETH Gas0.41 Gwei
Cryptorank
MainNewsCardano (ADA...

Cardano (ADA) Price Prediction for May 7


by Parshwa Turakhiya
for CoinEdition
Cardano-ADA-Price-Prediction-Analysis

The Cardano price today is trading at $0.657, reflecting continued selling pressure after failing to reclaim the $0.68–$0.70 resistance band. Over the past 48 hours, ADA has gradually descended from the mid-$0.68s, signaling a loss of bullish control following its rejection at the 200-EMA on the 4-hour chart. This decline is closely aligned with the broader market’s pause, as traders now eye short-term support zones to gauge the next major move.

Cardano price dynamics (Source: TradingView.)

On the 4-hour timeframe, ADA remains trapped below all major exponential moving averages (20, 50, 100, 200), confirming a bearish short-term outlook. The Cardano price action has turned sideways-to-negative, with lower highs and lower lows since the beginning of May. The recent breakdown beneath the ascending trendline from April 21 now exposes ADA to further downside.

Why Cardano (ADA) Price Going Down Today: Indicators Flash Bearish Momentum

Cardano price dynamics (Source: TradingView.)

ADA’s momentum indicators reinforce the bearish view. The Relative Strength Index (RSI) is hovering around 35, indicating persistent selling without yet reaching oversold extremes. M…

The post Cardano (ADA) Price Prediction for May 7 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60

Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60

The Pi Network price today is trading around $0.578, down nearly 1.5% on the day and ...
XRP Price Prediction for May 7: Will Support at $2.10 Hold Amidst Bearish Momentum?

XRP Price Prediction for May 7: Will Support at $2.10 Hold Amidst Bearish Momentum?

XRP price today remains under pressure after failing to hold above the $2.18 resistan...
MainNewsCardano (ADA...

Cardano (ADA) Price Prediction for May 7


by Parshwa Turakhiya
for CoinEdition
Cardano-ADA-Price-Prediction-Analysis

The Cardano price today is trading at $0.657, reflecting continued selling pressure after failing to reclaim the $0.68–$0.70 resistance band. Over the past 48 hours, ADA has gradually descended from the mid-$0.68s, signaling a loss of bullish control following its rejection at the 200-EMA on the 4-hour chart. This decline is closely aligned with the broader market’s pause, as traders now eye short-term support zones to gauge the next major move.

Cardano price dynamics (Source: TradingView.)

On the 4-hour timeframe, ADA remains trapped below all major exponential moving averages (20, 50, 100, 200), confirming a bearish short-term outlook. The Cardano price action has turned sideways-to-negative, with lower highs and lower lows since the beginning of May. The recent breakdown beneath the ascending trendline from April 21 now exposes ADA to further downside.

Why Cardano (ADA) Price Going Down Today: Indicators Flash Bearish Momentum

Cardano price dynamics (Source: TradingView.)

ADA’s momentum indicators reinforce the bearish view. The Relative Strength Index (RSI) is hovering around 35, indicating persistent selling without yet reaching oversold extremes. M…

The post Cardano (ADA) Price Prediction for May 7 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60

Pi Price Prediction for May 7: Weak Structure Keeps Pi Network Below $0.60

The Pi Network price today is trading around $0.578, down nearly 1.5% on the day and ...
XRP Price Prediction for May 7: Will Support at $2.10 Hold Amidst Bearish Momentum?

XRP Price Prediction for May 7: Will Support at $2.10 Hold Amidst Bearish Momentum?

XRP price today remains under pressure after failing to hold above the $2.18 resistan...