Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Despite the continued fall, the cryptocurrency market does not seem ready for a reversal yet, according to CoinMarketCap's ranking.
ADA/USD
The price of Cardano (ADA) has gone down by 3.23% over the past 24 hours.
On the hourly chart, the day has started with a false breakout of the resistance level at $0.3349. However, bulls have managed to seize the initiative, forming a bounce back of the support at $0.3279.
Denys SerhiichukIf the slight rise continues, the price can get to the $0.34 mark soon.
On the daily chart, Cardano (ADA) is on the way to the support level at $0.31. A breakout of the support level may happen if the price fixes below $0.32. Such a scenario is relevant until the end of the month.
On the weekly chart, Cardano (ADA) has made a false breakout of the support level at the $0.33 mark. However, if the candle closes near or below it, the accumulated energy might be enough for a sharp downward move to the $0.25 zone.
ADA is trading at $0.3332 at press time.
Yuri Molchan
Arman Shirinyan
Vladislav Sopov
Dan Burgin