ADA’s price has risen 1.33% over the last 24 hours.
The altcoin has strengthened against BTC and ETH.
Technical indicators suggest that ADA’s price may drop in the next 24-48 hours.
Cardano 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.
InstrumentDirectionProbability (%)Date RangeADAUSDSTAY IN CASH45.972023-01-24, 02:00:00 – 2023-01-26, 02:00:00
GRW Market Analysis Software signals XRP as a buy (Source: GRWCoin)
The GRW Market Analysis Software has signaled that it may be best to not enter into a trade in ADA in the next 48 hours in the date range (2023-01-24, 02:00:00 GMT + 2 – 2023-01-26, 02:00:00 GMT + 2).
The support levels for ADA/USD identified by the GRW Market Analysis Software are $0.36796667 (first support), $0.36093333 (second support), and $0.353066 …
The post Cardano (ADA) Price Prediction: What to Expect in the Next 48 Hours appeared first on Coin Edition.