Cardano (ADA) Price Analysis for September 17


17 Sep 2023 4:33 PM

Does price of Cardano (ADA) have enough power for local growth?...

  • 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.


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You May Ask

What is the current price of Cardano (ADA)?How has the price of ADA changed in the last 24 hours?What is the resistance level for ADA on the hourly chart?What is the possibility of a decline in ADA's price to $0.2450?What could happen if the weekly candle closes far from the $0.24 area?

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