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.
Bulls are holding the initiative on the last day of the week, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has declined by 0.40% over the last 24 hours.
On the hourly chart, the rate of Cardano (ADA) is in the middle of a local channel, getting energy for a further move. Any sharp moves are unlikely to happen today as most of the ATR has been passed.
On the daily time frame, traders should pay attention to the nearest resistance level of $0.265. If a breakout happens and the rate fixes above it, the upward move may continue to the $0.28 zone soon.
On the bigger chart, buyers may seize the initiative as the bar is about to close in the bullish area. If that happens, one can expect sideways trading in the area of $0.27-$0.28 shortly.
ADA is trading at $0.2578 at press time.
Tomiwabold Olajide
Gamza Khanzadaev
