As a seasoned researcher with years of experience in the cryptocurrency market, I find myself constantly intrigued by the dynamic nature of this digital frontier. The price surge of Cardano (ADA) today, as shown on CoinMarketCap, is yet another testament to the unpredictable yet captivating world of crypto.
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.
Regardless of today’s upward trend, the ADA hourly chart indicates a promising outlook. If the day ends close to the resistance level of approximately $0.3988, it could lead to a breakthrough and potential movement towards the range of $0.4020-$0.4040 tomorrow.
On the hourly timeframe, the outlook remains optimistic. Should buyers successfully breach and sustain above the crucial level of $0.40, there could be sufficient momentum to potentially reach the $0.42 region before the end of this 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.
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2024-09-26 17:57