Cardano (ADA) Price Prediction for March 8

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bulls do not seem ready yet to seize the initiative in the long-term, according to CoinStats . Advertisement ADA chart by CoinStats ADA/USD Cardano (ADA) is one of the biggest losers today, going down by 6%. Image by TradingView On the hourly chart, the price of ADA is in the middle of the local channel, between the support of $0.7931 and the resistance of $0.8392. Related Fri, 03/07/2025 - 13:35 Ethereum (ETH) Price Prediction for March 7 Denys Serhiichuk However, if bulls cannot restore the rate above the interim mark of $0.82, one can expect a decline to the $0.80 range. Image by TradingView On the bigger time frame, the picture is more bearish than bullish. If the breakout of the $0.80 area happens, traders may witness a test of the support level of $0.7576 soon. Image by TradingView From the midterm point of view, buyers have failed to keep the rise after the bullish closure. If the weekly candle closes around current prices or below, the correction is likely to continue to the $0.60 area. ADA is trading at $0.8173 at press time. #Cardano Price Prediction