#ADA

Coin In-Depth Analysis Price and Market Information

Price: $0.42

24 Hour Change: -4.14%

1 Week Change: -8.61%

1 Month Change: -3.76%

1 Year Change: +61.85%

Market Value: $15.1 billion

Circulating Supply: 35.7 billion Analysis

#CARDANO uses an energy efficient proof-of-stake consensus mechanism called Ouroboros. This mechanism allows validators holding $ADA to secure the network and saves energy.

Support Levels: $0.4338, $0.4468

Resistance Levels: $0.4651

Fibonacci Retracement Level: 38.2%

Technical Indicators

Oscillators Neutral

Moving Averages Neutral

Cardano's performance has been examined under different economic and market scenarios. ADA is expected to perform positively in the long term, but short-term fluctuations may pose risks.

Risk assessment:

Cardano is a secure and sustainable blockchain platform. Developed based on peer-reviewed research, the Ouroboros consensus mechanism enables ADA owners to contribute to the security of the network. However, volatility in the crypto market should be considered as a risk factor.

Future Price Forecast

The short-term target could be to break the $0.4651 resistance level. Levels of $0.50 and above can be targeted in the medium term, and levels of $1 and above can be targeted in the long term.

Buying and Selling Advice

Current price levels may be suitable for buying. Purchases close to support levels may offer opportunities for long-term investments. For selling, it is recommended to follow the resistance levels closely.