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.
The market keeps trading sideways as some coins are rising, while others are falling.
ADA/USD
The rate of Cardano (ADA) has increased by 2.24% over the last 24 hours.
On the hourly chart, the price of ADA has broken the local resistance level of $0.2640 against the rising volume. If buyers can hold the gained initiative and keep the rate above that mark, the upward move is likely to continue to the $0.27 zone.
Bulls are also more powerful than bears on the bigger time frame. However, it is too early to think about a midterm rise until the rate fixes above the $0.27 area.
Denys SerhiichukIf that happens, traders may expect the price of ADA in the range of $0.28-$0.29 until mid-October.
From the midterm point of view, ADA has not gained enough energy for continued growth. Thus, the volume is low, which means that buyers are not ready to buy at the current prices. All in all, sideways trading in the area of $0.2650-$0.2750 is the more likely scenario for the next few weeks.
ADA is trading at $0.2650 at press time.
ScapesMania: One of the most promising projects among presales
This is sponsored content. U.Today is not responsible or liable for any inaccuracies, poor quality, advertising, products, links, images or other materials found within the text below.
ScapesMania's Presale is proceeding at quite a dynamic clip because it is not just another crypto asset; it is a revolutionary project where Web2 players are paving the way for Web3 enthusiasts to benefit from a thriving DAO gaming ecosystem! The prominence and trustworthiness of the project are backed by a tier-1 team that has secured a prestigious grant from a major player in the global blockchain industry. Leverage the synergy of Web2 and Web3 in ScapesMania and tap into the massive $286.50 billion casual gaming market.
ScapesMania is currently in the active presale stage. Early investors can potentially benefit from a post-listing price surge to $0.01 per coin. ScapesMania is going to hit prominent crypto exchange platforms very soon, with negotiations currently in progress. Early adopters can enjoy generous project benefits as well as token buyback, burn and staking rewards. Join the community to stay up to date with news.
Site: https://scapesmania.io/
Community: https://t.me/scapesmania
Godfrey Benjamin
Arman Shirinyan
Vladislav Sopov
Dan Burgin