Cardano: Predictions show ADA prices will hit $1, but when?

on the Cardano network could see an increase in activity and new users on the network, which would be a positive outcome.. On the other hand, some key metrics suggested that buyer dominance has begun to wane.The 12-hour price chart above showed that the market structure was bullish. The RSI was at 58.5 at press time and showed that while momentum had slowed down in recent days it still favored the buyers.

The $0.787 and $0.917 are the key resistance levels to watch out for next. Based on the width of the range that ADA traded in over the past three months, a move to the $0.917 level is anticipated.The waning Open Interest suggested a potential shift in sentimentWhile the price action and technical indicators outlined strong bullish pressure, Santiment metrics were not as optimistic. The mean coin age has been declining since mid-February even though prices rallied.

Source: Entertainment Trends (entertainmenttrends.net)

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