Cardano (ADA) Price Prediction for November 28
11/28/2024 20:26
Can price of Cardano (ADA) rise from from current levels?
Original U.Today article
Can price of Cardano (ADA) rise from from current levels?
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Most of the coins have returned to the green zone, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has fallen by almost 1% since yesterday.
On the hourly chart, the price of ADA is rising after a false breakout of the support level of $0.9845. If bulls can hold the gained initiative, there is a possibility to see a test of the resistance shortly.
On the daily time frame, the rate of ADA is far from the support and resistance levels. None of the sides has accumulated enough energy to seize the initiative.
Related
Respectively, ongoing consolidation in the range of $0.95-$1.05 is the more likely scenario until the end of the week.
From the midterm point of view, the picture is quite similar. If the weekly candle closes around current prices, traders may witness ongoing sideways trading around the $1 mark.
ADA is trading at $0.9996 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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