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.
Most of the coins have returned to the green zone, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has fallen by almost 1% since yesterday.
On the hourly chart, the price of ADA is rising after a false breakout of the support level of $0.9845. If bulls can hold the gained initiative, there is a possibility to see a test of the resistance shortly.
On the daily time frame, the rate of ADA is far from the support and resistance levels. None of the sides has accumulated enough energy to seize the initiative.
Denys SerhiichukRespectively, ongoing consolidation in the range of $0.95-$1.05 is the more likely scenario until the end of the week.
From the midterm point of view, the picture is quite similar. If the weekly candle closes around current prices, traders may witness ongoing sideways trading around the $1 mark.
ADA is trading at $0.9996 at press time.
Tomiwabold Olajide
Arman Shirinyan
Dan Burgin
Vladislav Sopov