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Cardano (ADA) Price Analysis for February 15

Wed, 02/15/2023 - 19:00
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Denys Serhiichuk
Can one expect slight correction of Cardano (ADA)?
Cardano (ADA) Price Analysis for February 15
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls remain more powerful than bears, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap


Cardano (ADA) is the biggest gainer from the list today, rocketing by 9.25% over the last 24 hours.

ADA/USD chart by TradingView

On the hourly chart, the rate of Cardano (ADA) after the false breakout of the local support level is at $0.3826. If bulls can hold the price above the $0.39 zone, traders can see ADA around the resistance of $0.3956 shortly.

ADA/USD chart by TradingView

On the daily time frame, the price of Cardano (ADA) has almost touched the recently formed resistance at $0.3957. At the moment, traders should pay attention to the candle closure. If it happens near that mark with no long wicks, the growth may continue to the crucial zone of $0.40 and even above.

ADA/BTC chart by TradingView

Analyzing the daily chart against Bitcoin (BTC), the situation is less positive as the price once bounced off the resistance at 0.00001763. It means that buyers need more time to accumulate power for a further move. In this case, the ongoing consolidation in the range of 0.000017-0.00001750 is the more likely scenario until the end of the week.

ADA is trading at $0.3915 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