Ah, dear readers, gather ’round and let me tell you a tale of woe and wonder in the cryptocurrency world! Today, the rates of most coins are falling like autumn leaves, as reported by the esteemed CoinStats.
ADA/USD: A Tale of Two Prices
Alas, poor Cardano (ADA)! Its price has declined by a staggering 5.11% over the last 24 hours. But fear not, for the rate of ADA is on its way to the resistance of $1.0140. If it breaks out, growth is likely to continue to the $1.04 zone.
On the bigger time frame, the picture is as neutral as a bored bureaucrat, as the rate is far from the key levels. 😴
The volume is falling, which means there are low chances of seeing any sharp moves in the short term. 📉
From the midterm point of view, the picture is similar to the daily chart. At the moment, one should pay attention to the vital zone of $1. If the candle closes above that mark, the upward move is likely to continue to the $1.10 range. 📈
ADA is trading at $0.9916 at press time. Will it reach the coveted $1.04? Only time will tell, dear readers. Stay tuned for more thrilling updates! 🔮
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2025-01-21 17:13