The Cardano price is trading exactly at $0.70 today after a modest dip of around 1.5% in the last 24 hours. This is a crucial support for ADA since the price is trading in the $0.70-$0.75 range for more than a week.
March was actually quite interesting for Cardano; it started with a 40% pump to over $1.10 after Trump’s announcement for crypto strategic reserve and then quickly dipped to $0.75.
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ADA Price: Technical Indicators Analysis
So, where is the Cardano price headed today? On a daily timeframe:
RSI(14) is 45.059 – The Relative Strength Index is currently below the neutral 50 level but above oversold territory. This suggests moderate selling pressure on Cardano, but not enough to indicate extreme bearish sentiment. The market is leaning slightly bearish but has room to move in either direction.
Ultimate Oscillator is 36.891 – This reading falls below the 50 midpoint, indicating bearish momentum across multiple timeframes. The low value suggests that buying pressure is relatively weak compared to selling pressure, but the coin isn’t yet in extremely oversold territory.
CCI(14) is 113.3771 – The Commodity Channel Index is showing a positive reading above 100, which typically signals stronger price action. This contradicts some of the other indicators, suggesting that despite recent pressure, there might be some underlying strength in ADA’s price movement.
MACD(12,26) is -0.004 – The Moving Average Convergence Divergence is slightly negative, indicating that short-term momentum is just below the longer-term trend. This nearly neutral reading suggests a potential equilibrium between buyers and sellers, with neither side showing decisive control.
Bull/Bear Power(13) is 0.0114 – This slightly positive reading indicates that bulls have a very small edge in the current market. While not strong enough to suggest an imminent rally, it does hint that buying pressure could be building slowly.
Read also: Pi Coin Price Prediction for Today (March 18)
Cardano Price Prediction for Today
Analyst Greg Miller predicted that if $0.70 holds, we could see ADA push to $0.75 again.
Based on the technical indicators and recent price action, Cardano is likely to continue consolidating between $0.70 and $0.73 today. The mixed signals from various indicators point to a market that’s seeking direction.
$ADA – @Cardano is gaining momentum after bouncing off support, showing signs of an upward move toward $0.76.
— Greg Miller (@greg_miller05) March 17, 2025
If $0.70 holds, the trend remains bullish, and a breakout could push prices higher.
Watch for volume confirmation to strengthen the move. pic.twitter.com/wtyuyMMF3B
In an optimistic scenario, if buyers step in to defend the crucial $0.70 support level more aggressively, the ADA price could test the upper boundary of its recent range at $0.75. This would require increased trading volume and possible positive market-wide sentiment.
In a pessimistic scenario, if the $0.70 support fails to hold, Cardano could slide toward the next support level around $0.65, especially if broader cryptocurrency market sentiment turns negative. The slightly bearish RSI and Ultimate Oscillator readings suggest this remains a possibility.
For today, the most realistic outcome appears to be continued consolidation, with ADA likely closing the day between $0.69 and $0.72 as the market waits for clearer directional signals.
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