Cardano’s price is now hampered by a slow pace. Cardano is escalating to new levels of price and adopting a slower price pace compared to other tokens. ADA analysts at X believe that ADA is on a bull run, as it is moving in a predictable and set pace. Bitcoin Halving.
Analyst Trend Rider of X responded positively to those traders disseminating bad reviews. He shared that Cardano could continue to portray a bearish outlook. Analyst Trend Rider on X was quick to forecast a price trend and added that the ADA will soon hit a higher ATH.
The Bitcoin halving event is fast approaching, amidst the rampant reviews on X. Cardano is hoping to take advantage of the huge wave in funding that will follow the Halving.
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![Cardano is preparing for the Bitcoin Halving and its price surge. Can ADA reach $1 in the near future?](https://watcher.guru/news/wp-content/uploads/2023/12/896146e1-1024x585.jpg)
ADA is one of the most popular coins on the market. Recently, the token’s price has steadily increased. This has caused a lot of worry among ADA investors.
Investors are looking forward to Bitcoin halving event, which could inflate ADA price very soon. Bitcoin Halving is set for April 20-21. BTC will undergo a massive infrastructure change. The change involves halving the miner reward to maintain Bitcoin’s scarcity.
The event could also cause significant price volatility on the crypto-market, which may prompt investors to invest in alternative crypto tokens. Cardano stands to benefit from the crypto market chaos that is sure to occur soon.
Cardano Post-Bitcoin Halving Price
You can also find out more about Per CoinCodexCardano could lose 6% to match the halves of mayhem after April 20.
The thread below is an absolute must-read for #Cardano holders.
It’s reminiscent when the price soared to $3USD from $0.05.
This is a rare event that marks a possible trend change as the RSI crosses… pic.twitter.com/EfOxPTbtGz
Trend Riders (@TrendRidersTR). 11 April 2024
According to these Cardano forecasts, ADA is expected to change hands for $0.461670 in April 2024. This represents a loss of -6.2%.
ADA could regain some of the lost value and fortune after April 2024.
“Cardano You can learn more about it here By May 15th, 2024 the price will rise by 4.56% to $0.513650. According to our technical indicators the sentiment at the moment is negative, and the Fear & Greed Index shows a score of 74 (greed). Cardano has recorded 15/30 green days (50%) with an 8.33% volatility in the price over the past 30 days.”
Cardano price levels of resistance have also been shared, indicating where ADA could encounter the most resistance.
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“Cardano’s support levels are $0.443890 and $0.419788, with the highest at $0.403325. Cardano’s resistance levels range from $ 0.484454 to $ 0.525018.