Cardano (ADA) Price Prediction for September 26

09/26/2024 21:54
Cardano (ADA) Price Prediction for September 26

How long can growth of Cardano (ADA) last?

Original U.Today article

Cardano (ADA) Price Prediction for September 26

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Most of the coins keep setting new local peaks, according to CoinMarketCap.

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Top coins by CoinMarketCap

ADA/USD

The price of Cardano (ADA) has increased by 3.13% over the last 24 hours.

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Image by TradingView

Despite today's growth, the rate of ADA keeps looking bullish on the hourly chart. If the daily bar closes near the resistance of $0.3988, one can expect a breakout, followed by a move to the $0.4020-$0.4040 zone tomorrow.

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Image by TradingView

On the hourly chart, the situation is also bullish. If buyers break the vital zone of $0.40 and fix above it, the accumulated energy might be enough for a test of the $0.42 area by the end of the month.

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Image by TradingView

From the midterm point of view, one should wait until the weekly bar closes. 

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If it happens near its peak and with no long wick, growth may continue to the $0.45 mark.

ADA is trading at $0.3987 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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