What to Expect in the Next 48 Hours

ADA experienced a 24-hour gain of 2.74% to take its price up to $0.4868.
The daily chart suggests bears are fighting back to keep ADA’s price below the 9 EMA line.
The price of ADA may fall in the next 48 hours as the weekend approaches.

Cardano (ADA) is a third-generation, decentralized proof-of-stake (PoS) blockchain platform designed to be a more efficient alternative to proof-of-work (PoW) networks. Scalability, interoperability, and sustainability on PoW networks like Ethereum are limited by the infrastructure burden of growing costs, energy use, and slow transaction times.

Instrument

Signal

Probability

Date Range

Open Price

2% Stop Loss

Entry

Supt 1

Supt 2

Supt 3

RESIS 1

RESIS 2

RESIS 3

ADAUSDT

SELL

56.937%

2022-06-24, 02:00:00 – 2022-06-26, 22:00:00

0.48

0.4896

0.458958

0.463167

0.446333

0.436367

0.489967

0.499933

0.516767

GB Market Analysis Software signals ADA as a sell (Source: GreenBot)

The GB Market Analysis Software has signaled that the price of ADA may fall in the next 48 hours in the date range (2022-06-24, 02:00:00 GMT + 2 – 2022-06-26, 02:00:00 GMT + 2). The confirmation that the signal is playing out will be when the price of ADA falls to $0.45895833. This is also the identified price entry for the trade.

The support levels for ADA/USDT identified by the GB Market Analysis Software are $0.46316667 (first support), $0.44633333 (second support), and $0.43636667. Meanwhile, the resistance levels for ADA/USDT identified by the software are $0.48996667 (first resistance), $0.49993333 (second resistance), and $0.51676667 (third resistance).