As a seasoned researcher with years of experience in the volatile world of cryptocurrencies, I find myself intrigued by the current state of Cardano (ADA). The coin’s consistent growth over the past 24 hours, with a 3.40% increase since yesterday, is indeed noteworthy.
Based on CoinMarketCap, many coins may require some time to gather energy before making their next move.
ADA/USD
The rate of Cardano (ADA) keeps rising, going up by 3.40% since yesterday.
Even though ADA has been increasing lately, its hourly chart suggests a bullish trend. If this upward momentum persists and reaches the resistance level, there’s a good chance it will break through, potentially leading to a movement towards the $0.38 region.
Looking at the larger perspective, the overall trend remains positive as well. If buyers manage to maintain control over the current momentum, it’s possible that we could see a challenge to the resistance level of approximately $0.3860 before the week concludes.
From the midterm point of view, the rate of ADA is far from key levels.
Should the weekly candle end near its current position, there could be sufficient momentum to trigger a potential test of the $0.4158 level in the near future.
ADA is trading at $0.3739 at press time.
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2024-11-07 20:11