At the time of writing the forecast for the week of January 18-24, the Cardano cryptocurrency (ADA / USD) ranks 6th in the list of the most expensive cryptocurrencies in the world, with a capitalization of $ 12.6 billion.
ADA / USD quotes, in contrast to the quotes of most cryptocurrencies, have been growing throughout the previous week. Which speaks of the optimistic sentiment of investors regarding the future of the Cardano cryptocurrency.
At the time of writing the forecast for the ADA / USD rate for the week 18.01 - 24.01. Cardano quotes are at $ 0.39.
The ADAUSD price is at a local maximum, which was reached just yesterday. The last time the cryptocurrency rate was at such values in March 2018, after the global collapse of cryptocurrency rates. And the maximum price of ADA / USD in the months of the cryptocurrency fever reached the level of $ 1.4.
The trend for the ADA / USD cryptocurrency pair is ascending, the price moves within the channel. The closest resistance level to the current Cardano price is 0.43.
An additional confirmation of the upward trend in the cryptocurrency is the finding of quotes above the Ichimoku cloud. The signal lines of the Ichimoku indicator also show an upward trend.
Support level - 0.33 (red line of the Ichimoku indicator). Below is the level 0.31 (strong Fibonacci level).
The ADA / USD forecast for the week of January 18-24 suggests a short-term pullback to the support level, with further upward movement and testing the 0.43 resistance level.