The Cardano price is exactly at $0.70 today after a modest dip of about 1.5% in the last 24 hours. This is crucial support for ADA, as it has been trading in the $0.70-$0.75 range for over a week.
Current Cardano Price
March was quite an interesting month for Cardano; it started with a 40% pump to over $1.10 after Trump's announcement for a crypto strategic reserve and then quickly dipped to $0.75.
Technical Indicator Analysis
The technical indicators show the following: - RSI (14) is at 45.059, below the neutral 50 level but above oversold territory, indicating moderate selling pressure. - Ultimate Oscillator is at 36.891, indicating bearish momentum. - CCI (14) is at 113.3771, indicating strong price action. - MACD (12,26) is at -0.004, showing short-term momentum just below the long-term trend. - Bull/Bear Power (13) is at 0.0114, indicating a slight bullish edge.
Cardano Price Prediction for Today
Analyst Greg Miller predicted that if $0.70 holds, we could see ADA push to $0.75 again. Current consolidation between $0.70 and $0.73 might continue if the market doesn’t find a clear direction. In an optimistic scenario, if the $0.70 support is robustly defended, the price could test the upper boundary at $0.75 with increased trading volume. In a negative scenario, a break below $0.70 could lead to a drop towards $0.65.
The most probable outcome for today is continued consolidation, with ADA likely closing the day between $0.69 and $0.72, as the market waits for clearer directional signals.
