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Cardano (ADA) Price Prediction for September 10

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Tue, 10/09/2024 - 15:58
Cardano (ADA) Price Prediction for September 10
Cover image via U.Today

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The rates of most of the coins remain in the green zone, according to CoinMarketCap.

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Top coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) has gone up by 0.4% over the last day.

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Image by TradingView

On the hourly chart, the price of ADA might have found a local resistance level of $0.3444. If the daily bar closes far from it, the decline may continue to the support of $0.3374 tomorrow.

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Image by TradingView

On the bigger time frame, the picture is more positive. If the daily candle breaks the $0.3458 level and fixes above it, the accumulated energy can be enough to rise to the $0.36-$0.37 range.

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Image by TradingView

From the midterm point of view, it is too early to make any distant predictions. 

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However, if the weekly bar closes far from its peak, traders are unlikely to witness a continued upward move.

ADA is trading at $0.3423 at press time.

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