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 responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Sellers are more powerful today, according to CoinStats.
ADA/USD
Cardano (ADA) is an exception, rising 1.27% over the past day.
On the hourly chart, ADA price breaks the local support at $1.0810. If the daily bar closes below that mark, there is a chance to test the $1.04 area by tomorrow.
On the larger time frame, ADA price declines after a false breakout of the resistance level at $1.1332. If the bar closes below the $1.0565 level, the accumulated energy could be enough to drop to the $1 region soon.
On the weekly chart, buyers failed to sustain the growth after the bullish candle closed.
Related to
If the bar closes away from the $1.10 area, one can expect a test of the $0.95 area soon.
ADA is trading at $1.0419 at press time.
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 responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Source link