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Cardano (ADA) Price Analysis for April 26

Wed, 04/26/2023 - 16:20
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Denys Serhiichuk
How long is bounce back of Cardano (ADA) going to last?
Cardano (ADA) Price Analysis for April 26
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The market has switched to green as the rates of most of the coins are rising.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap


Cardano (ADA) has followed the sharp rise of Bitcoin (BTC), going up by 8.35% over the last 24 hours.

ADA/USD chart by TradingView

Image by TradingView

On the hourly chart, the price of Cardano (ADA) has started a sharp rise after the breakout of the important zone of $0.40. If buyers can hold the gained initiative until the end of the day, the upward move may continue to $0.43.

ADA/USD chart by TradingView

Image by TradingView

On the daily time frame, the rate of Cardano (ADA) has continued to grow after yesterday's bullish closure. However, the price has not even returned to the middle of the channel, which means that it is too early to think about a reversal.

BTC, ETH and XRP Price Analysis for April 25

In order for this to happen, the rate needs to get back to the $0.44 mark and fix above it.

ADA/BTC chart by Trading View

Image by TradingView

The situation is almost unchanged on the daily chart against Bitcoin (BTC). The volume keeps falling, which means that ongoing sideways trading remains the more likely scenario until the end of the month.

ADA is trading at $0.4121 at press time.

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About the author

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