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# Cardano (ADA) Value Forecast for March 16
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As per CoinMarketCap, the bulls are marginally more powerful on the final day of the week, although there are a few exceptions.
## ADA/USD Bitcoin Whale Bets Big with $515 Million Short Position
The exchange rate of Cardano (ADA) is constant from yesterday, while the price shift over the past week is -9.22%.
On the hourly graph, ADA’s price movement appears bearish. If the local support threshold is breached, the drop might proceed to the $0.72 zone tomorrow.
The scenario is uncertain in the bigger time frame. In this instance, you should focus on the closing price of yesterday’s low.
If the value is beneath $0.73, it is possible to witness a test of the $0.70 to $0.71 range in the next few trading days.
In the intermediate term, neither party has yet seized the advantage. If the scenario does not shift, continued sideways trading around the current price is the most probable result.
As of this moment, ADA is trading at $0.7364.
