Cardano (ADA) Price Prediction for September 10

09/10/2024 22:58
Cardano (ADA) Price Prediction for September 10

How long can bounce back of Cardano (ADA) last?

Original U.Today article

Cardano (ADA) Price Prediction for September 10

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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.

The rates of most of the coins remain in the green zone, according to CoinMarketCap.

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Top coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) has gone up by 0.4% over the last day.

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Image by TradingView

On the hourly chart, the price of ADA might have found a local resistance level of $0.3444. If the daily bar closes far from it, the decline may continue to the support of $0.3374 tomorrow.

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Image by TradingView

On the bigger time frame, the picture is more positive. If the daily candle breaks the $0.3458 level and fixes above it, the accumulated energy can be enough to rise to the $0.36-$0.37 range.

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Image by TradingView

From the midterm point of view, it is too early to make any distant predictions. 

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BTC, ETH and XRP Prediction for September 9

However, if the weekly bar closes far from its peak, traders are unlikely to witness a continued upward move.

ADA is trading at $0.3423 at press time.

About the author

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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