Traders are wagering $10 million as the ADA breakout approaches due to a recent surge in price at the beginning of May reaching $0.45 resistance. Although ADA's gains so far this month are at 7.7%, it may not be as impressive compared to other altcoins.

Cardano Prediction Statistics Data:

• Current Cardano price is $0.456
• Cardano market cap is $16.2 billion
• Circulating supply of Cardano is 35.6 billion
• Total supply of Cardano is 36.8 billion
• Cardano holds the #10 spot in Coinmarketcap ranking

ADA/USD Market

Key Levels:

• Resistance levels: $0.60, $0.65, $0.70
• Support levels: $0.30, $0.25, $0.20

Cardano's price is ranging above the 9-day and 21-day moving averages, with potential resistance at $0.50 if it surpasses the moving averages. The market may see increased resistance near the channel as well.

Cardano Price Prediction: Cardano (ADA) May Break to the Upside

Traders anticipate continued bullish trends in Cardano's price once the sideways movement ceases, especially if the 9-day moving average crosses above the 21-day moving average. Support levels remain at $0.30, $0.25, and $0.20, while resistance levels are at $0.60, $0.65, and $0.70.

ADA/BTC Keeps Ranging within the Channel

Cardano's price against Bitcoin is expected to cross above the upper channel boundary following bullish movement, with the 9-day moving average positioned to increase the bullish movement over the 21-day moving average.

Conclusively, @ali_charts shares insights on Cardano's trends with their substantial following, predicting potential buy-the-dip opportunities in anticipation of future market movements.