Cardano (ADA) Price Analysis for September 17

• The price of Cardano (ADA) has declined by 0.46% over the last 24 hours.
• On the hourly chart, ADA is trading near the local resistance level of $0.2505, with a chance for a breakout and rise to the $0.2520-$0.2530 zone.
• On the daily time frame, the price is trading sideways, accumulating energy for a sharp move. Bears are in control as long as the rate is below $0.26, with a possibility of a decline to $0.2450.
• From a midterm perspective, ADA has bounced off the $0.24 area. If the weekly candle closes far from it, buyers might take control and lead to an upward move to $0.26.
• ADA is currently trading at $0.25.

Neutral