AI Predicted Cardano (ADA) Price At The End Of March 2023
By March 31, 2023, the Cardano (ADA) price has been predicted by machine learning-based algorithms to be $0.3022 on the cryptocurrency price tracking and forecasting platform PricePredictions.
Cardano 30-day price projection | Source: PricePredictions
The oscillators at 8 are in the “neutral” zone, and the moving averages (MAs) at 14 are pointing to a sell at a “strong sell.” Hence, the sentiment on the one-day gauges over at TradingView is generally bearish for Cardano and implies a “strong sell” at 16.
Cardano one-day sentiment gauges | Source: TradingView
Cardano, meanwhile, was trading at $0.312 at the time of publication, down 1.37% on the day and 8.28% over the previous week, bringing its 30-day total of losses to 17.64%, according to the charts.
ADA/USD 4-hour chart | Source: TradingView
Currently, the algorithm’s predictions are below Cardano’s support level of $0.3069, and its likelihood of turning the tide and moving toward the resistance level at $0.35 will depend on the crypto and macroeconomic sentiment as well as network growth, such as non NFTs, which founder Charles Hoskinson recently praised as its “most vibrant part.”
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