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Cardano (ADA) Price Analysis for November 9

Wed, 11/09/2022 - 16:30
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Denys Serhiichuk
Can Cardano (ADA) rise soon?
Cardano (ADA) Price Analysis for November 9
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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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The cryptocurrency market might have found the local bottom, as the rates of most of them are going down.

Top coins by CoinMarketCap


Cardano (ADA) is not an exception to the rule, falling by 7.64% over the last 24 hours.

ADA/USD chart by Trading View

Despite the growth, Cardano (ADA) has bounced off the local support level at $0.3481, which means that buyers might seize the initiative. If the rate reaches the $0.37 mark, the breakout of the resistance at $0.3749 might happen soon.

ADA/USD chart by Trading View

On the daily chart, Cardano (ADA) has made a false breakout of yesterday's low at $0.3463. However, if the daily candle closes near the $0.35 mark, one can expect a further downward move to the next zone at $0.34.

ADA/USD chart by Trading View

On the bigger chart, Cardano (ADA) has approached the support level at $0.3490.

FTT Price Analysis for November 8

If buyers cannot restore the price by the end of the week, traders might see a sharp drop, as the energy for that has been accumulated.

ADA is trading at $0.3556 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