Cryptocurrency Price Prediction: ETH, BTC, Cardano, 10th Apr 2023

The appeal of cryptocurrencies persisted in 2021. Cryptocurrencies are now accepted by Goldman Sachs.

In April 2021, Coinbase became the first significant cryptocurrency company to go public. The first U.S. exchange-traded fund with a focus on Bitcoin debuted in October of the same year.

The most well-known cryptocurrency, Bitcoin, had a prosperous year. The value of the digital currency has grown by about 70% since the start of 2021, pushing the total market value of cryptocurrencies past $2 trillion.

The majority of the major coins’ values have significantly increased this year, which has been great for the cryptocurrency market. Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) are three other digital currencies doing well.

If the history of cryptocurrencies is any indication of the future, investors can look forward to an amazing journey.

The important Crypto predictions for 2023 are as follows:

Bitcoin Price Prediction

Bitcoin is currently worth $26,914, with a 24-hour transaction volume of $18.4 billion. Bitcoin has dropped roughly 3.5% in the last 24 hours.

According to technical analysis, the BTC/USD pair is presently in a bullish trend. However, once it reaches the $28,950 mark, it may face resistance.

If Bitcoin manages to break through the resistance mark of $28,950, its value could rise to $29,250 or even $30,500.

If a bearish pattern develops, support levels around $26,500 and $25,500 are expected to provide significant support.

Ethereum Price Prediction

At the time of writing, the price of Ethereum is $1,724, with a 24-hour transaction volume of $8.5 billion. Ethereum has dropped by 1.50% in the last 24 hours.

Ethereum is currently struggling to break through the $1,840 resistance mark and has been trading consistently near the $1,700 support zone.

If the ETH/USD pair manages to break through $1,800, it is anticipated to run into resistance at $1,900.

The ETH/USD pair is anticipated to find support at either $1,700 or $1,620.

Cardano Price Prediction

The Cardano cryptocurrency price formed an inverted head and shoulder pattern on the weekly time frame chart.

This bullish reversal pattern is frequently seen at market bottoms, raising the likelihood of a trend reversal.

As a result, the ongoing recovery in ADA price will soon test the pattern’s neckline resistance, intensifying this coin’s underlying bullish momentum. Here’s how traders interested in this trend can trade it.

The right shoulder of the head and shoulder design is formed by a V-shaped recovery from $0.3 support.

It has gained 33.5% in the last five weeks, reaching the present price of $0.398.

Despite the market’s ongoing uncertainty, the ADA price has kept a steady recovery, showing sustained growth and buyer commitment.

If buying pressure persists, the ADA price will climb another 7.5% to the $0.427-$0.42 neckline of the previously mentioned pattern.

However, prospective buyers should exercise caution at this $0.42 level, as the Cardano price may phase out strong sellers at multi-month resistance.

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Cryptocurrency Price Prediction: ETH, BTC, Cardano, 8th Apr 2023

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