Cardano Price Forecast – Can ADA 10x in 2023?
The price of ADA, Cardano's native cryptocurrency , has dropped significantly from yesterday. However, crypto analysts and enthusiasts believe the asset will see major gains once the market flips bullish. Can ADA pump 10x by next year? ADA Price Movement Currently, the ADA token trades at $0.3355, a downtrend of 1.25% in the past 24 hours, in line with the broader market and its 1.7% plunge. ADA is now trading below all of its major moving average (MA) indicators. With its 10-day MA of $0.3363 and 200-day MA of $0.3395, ADA appears to be in for a sustained bearish streak. Similarly, ADA's moving average convergence divergence (MACD) has slid into the negative zone. However, its relative strength index of 44.27 indicates that the asset is approaching the underbought region. Invest in Dash 2 Trade Now Successful Vasil Hard Fork Bolsters Long-Term Hopes Although ADA is in a downturn, the crypto asset remains a profitable one...