The price forecast made on the basis of the PriceProjections machine algorithm indicates that in the coming days ADA is likely to maintain a bovine impulse and on March 1, 2023 will be traded at $ 0.39035.
Thus, the expected increase will be less than 1% of the current value of ADA.
ADA price forecast for 30 days. Source: PricePredictions
The ADA price forecast is based on various technical indicators, such as the Bollinger stripes, sliding averages ( MA ), the convergence-location of sliding averages ( MACD ), the relative strength index ( RSI ) and others.
On the evening of February 23, the cost of ADA was traded at $ 0.38 with daily losses of about 1%. On a weekly schedule, Cardano lost 7.4%.
ADA seven-day price schedule. Source: Finbold
A review of Cardano's one-day technical analysis on TradingView involves a quick token mood. The sensor summary indicates « purchase » at level 11, while sliding averages recommend « buy » at level 9. Oscillators indicate « neutrality » at level 8.
ADA technical analysis. Source: TradingView
The positive moods around the ADA are supported by the accelerated network development rate, and in particular the Valentine ( SECP ) update, which aims to improve security and circuit functions.
In addition, developers are committed to developing smart contract functions, as the number of Plus scenarios is approaching 6000. Another plus is that transactions in the Cardano blockchain exceeded 61.4 million.
