Cardano is hovering around $0.31 on Thursday and is struggling to climb above $0.40 since the start of January 2023. ADA briefly touched $0.41 mid-February before retracing in price within minutes never to claw back again. The seventh biggest cryptocurrency in terms of market cap started the year on the back foot and barely rallied in price. In this article, we will highlight Cardano’s native token ADA price prediction for March 2023.
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Cardano: AI Predicts ADA Price For March 31
Artificial intelligence (AI) and machine learning algorithm ‘Price Predictions‘ provided an estimation of what Cardano’s ADA price could be on March 31, 2023.
The machine learning algorithm predicted that Cardano ADA’s price could be $0.030224 on March 31, 2023.
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The AI’s prediction claims that ADA’s price could decrease by 2.2% in the coming next three weeks.
According to the prediction, ADA’s price could remain on the back foot this month with little to no upswings.
In addition, TradingView’s recent analysis points towards a ‘strong sell’ for Cardano’s ADA. The overall general sentiment remains to be bearish suggesting a ‘sell’ at 16.
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Even the oscillators are currently standing in the ‘neutral’ zone at 8, while the MAs point towards a ‘strong sell’ at 14. Therefore, taking an entry position now into Cardano ADA remains to be a risky affair due to the weak market conditions.
‘Price Predictions‘, is a machine learning and algorithm-based price indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands(BB), and others indicators.
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At press time, Cardano was trading at $0.31 and is down 1.5% in the 24 hours day trade. ADA is also down 89.64% from its all time high of $3.09, which it reached in September 2021.