Main navigation

Cardano (ADA) Price Analysis for January 26

Thu, 01/26/2023 - 16:04
article image
Denys Serhiichuk
Has Cardano (ADA) reached overbought zone yet?
Cardano (ADA) Price Analysis for January 26
Cover image via

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.

Read U.TODAY on
Google News

The light correction seems to have finished as most of the coins are again in the green zone.

Top coins by CoinMarketCap


Cardano (ADA) is one of the biggest gainers today, rocketing by 6.62%.

ADA/USD chart by TradingView

On the hourly chart, the price of Cardano (ADA) is trading near the resistance level at $0.3832, after the fasel breakout of the support at $0.3736. If buyers can hold the gained initiative by the end of the day, the further rise may continue to the $0.39 mark tomorrow.

ADA/USD chart by TradingView

On the bigger time frame, one should pay attention to the resistance level at $0.3872. If the candle closes near it with no long wicks, there are chances to see a further upward move to the important zone around $0.40. Such a scenario is relevant until the end of the week.

ADA/BTC chart by TradingView

On the daily chart against Bitcoin (BTC), Cardano (ADA) keeps accumulating power in the range between the support at 0.00001548 and the resistance at 0.00001676. At the moment, bulls are more powerful than bears to a certain extent, and the price is closer to the upper level. If the bar closes above it, traders may see a midterm rise as the energy has enough energy has been gathered enough for such a move.

ADA is trading at $0.3818 at press time.

article image
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