Cardano (ADA) Price Prediction for September 10
09/10/2024 22:58How long can bounce back of Cardano (ADA) last?
Original U.Today article
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The rates of most of the coins remain in the green zone, according to CoinMarketCap.
ADA/USD
The rate of Cardano (ADA) has gone up by 0.4% over the last day.
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.
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.
From the midterm point of view, it is too early to make any distant predictions.
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
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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