Cardano (ADA) Price Prediction for March: Is $1 Coming?

Cardano has been stuck in a sideways pattern for the last three months. The price keeps bouncing between the same support and resistance levels without picking a clear direction.

Cardano (ADA) has been trading in a familiar support and resistance zone for the past three months, with limited gains despite testing key resistance levels.

What to Expect in March: Will Cardano Hit $1?

The 200-day Simple Moving Average (SMA) is providing support for the price at the moment, while the 50-day SMA has been acting as a ceiling for the past month. A break above this SMA could be crucial for bulls to gain momentum again.

If Bitcoin starts to recover and the market mood improves, ADA could push back toward the top of its range, possibly reaching around $1.1. However, if Bitcoin keeps struggling and the broader market remains weak, Cardano might either continue moving sideways or break below its current support.

Whether Cardano can reach the $1 mark in March mostly depends on what happens in the wider crypto market. If Bitcoin gains momentum and altcoins start to rally, ADA has a decent shot at testing this important price level. The recent 7% jump after touching support shows there are still buyers interested at current prices.

For ADA to move toward $1, it first needs to break above the 50-day SMA and then push through several resistance zones. Keep an eye on trading volume; if it increases during price rises, that’s a good sign that real buying pressure is building, not just temporary price movement.

Key ADA Price Levels to Watch

If the current support breaks down, the next likely targets would be $0.56 and possibly $0.49 if things get worse. These areas have attracted buyers in the past.

On the upside, if ADA breaks out of its recent range, it could target $1.1, which would be about a 65% gain from current prices. The 200-day SMA remains important to watch – as long as prices stay above this line, the long-term outlook generally remains positive.

In the end, Cardano’s next big move will largely depend on how Bitcoin performs and what happens in the broader crypto market in the coming weeks.

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The post Cardano (ADA) Price Prediction for March: Is $1 Coming? appeared first on Intermediate Node.