Price Analysis

ADA Price May Rise Along With THETA, SAFEMOON Pushed to a Downtrend?


    Cardano price rallies further with a bullish momentum, will it fall?

    THETA price climbs up the curve towards $10, might see a pullback anytime

    SAFEMOON price drops, still stuck in a fluctuating phase.

ADA Price Might Go Up the Curve

In the last week, the Cardano price had been trending in the cryptocurrency market, putting all feats to hit back the $2 mark. The price trend had been highly oscillating, plunging to as deep as $1.4 and hitting $1.87 in the coming hours. For the past few days, the price was fluctuating and struck at $1.88 but fell hopelessly. Currently some hulls have accumulated the line, and the price will possibly approach $2 once again today.


At the time of typing, the ADA price is at $1.533. In the early hours the price fell from $1.62 to $1.55. With a bullish candle in hand, the price was expected to surge, but it only fell deeper near $1.474. Currently it has surged from this point. If this proceeds, the price may hit $1.80 or above in the coming hours. However, if it fails to rally further, it might start dipping from there failing to touch a new ATH.

Technical Specifications 

  • The resistance value is $ 1.688
  • The support value is $ 1.663
  • The indicators point out a sell signal.

THETA Price Advances With a Bullish Trend

The price movements for this token has been between $8 and $10. Trying to deviate from this channel, the price surged to $10.45 but fell back to $9.174 in the last couple of days. Currently, the price is soaring and set off towards a shift from this channel bypassing the $10 mark. 


At the time of writing, the THETA price gradually lifted its head to $8.931. In the early hours it resumed yesterday’s bearish trend and was dipping rapidly. This happened in two phases, where it first fell to $8.595 and then to $8.369, with the aggravating selling pressure. Now, the movement flipped being bullish and might touch $10, if the bulls rally further. However, failing to do so, the price may dip from this point and sail back at $8.50.

Technical Specifications 

  • The resistance value is $ 9.470
  • The support value is $ 9.075
  • The indicators point out a buy signal.

SAFEMOON Taking a Curve Away from the Moon

For the last couple of days, the SAFEMOON price is dripping slowly. Earlier today, the price survived the bearish storm and striked at $0.00000390 from $0.00000367. However, the momentum ceased and the price plunged deeper in segments, from there. Currently, SAFEMOON is still entangled in a downtrend and is moving downwards. 


At the time of typing, the SAFEMOON price is $0.000003596. For the past hours, it has been highly fluctuating between $0.00000345 and $0.00000375. At present the price is positioned downwards and may plunge further to $0.00000354. Following which the price may begin to oscillate within the range again. 

Technical Specifications 

  • The resistance value is $ 0.00000366
  • The support value is $ 0.00000352
  • The indicators point out a sell signal.

Also read: Safemoon price prediction, How high will the price hit by 2021?

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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