Cardano (ADA) Price Prediction for September 26
09/26/2024 21:54How long can growth of Cardano (ADA) last?
Original U.Today article
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Most of the coins keep setting new local peaks, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has increased by 3.13% over the last 24 hours.
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.
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.
From the midterm point of view, one should wait until the weekly bar closes.
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
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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