Cardano (ADA) Price Prediction for August 14
Main Idea
The Cardano (ADA) price is holding steady around $0.849, with potential for a breakout above $0.86, supported by technical indicators and positive inflow data.
Key Points
1. Cardano's price is testing a resistance zone near $0.85–$0.86, with the next target at the 0.5 Fibonacci retracement level ($0.919).
2. Technical indicators show bullish signals, including a rebound from $0.78, upward-trending EMAs, and a positive DMI bias (+DI 28.65, -DI 19.69).
3. Spot netflow data from August 13 shows a positive inflow of $1.45M, supporting the recent price increase.
4. The RSI at 60.14 suggests consolidation rather than overbought conditions, with the 4H Bollinger Band upper band at $0.857 as a near-term hurdle.
5. A breakout above $0.86 could target $0.90–$0.92, while failure to sustain above $0.84 may lead to a retest of support at $0.822 or lower.
Description
The Cardano price today is holding around $0.849, gaining nearly 1% intraday as buyers continue to test an important resistance zone near $0.85–$0.86. Over the past week, momentum has grown, thanks to positive spot netflow and a number of bullish structure breaks on shorter timeframes. Traders are now paying attention to whether ADA can break through the 50% Fibonacci retracement level at $0.919 and the confluence of the descending trendline resistance. Cardano Price Forecast Table: August 14, 2...
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