Category: Crypto News, News
Cardano (ADA) Price Prediction for August 7 — TradingView News
The market is not going to decline, according to CoinMarketCap. CoinMarketCap”>
The price of Cardano 
ADAUSD has gone up by 2.17% over the past day.TradingView”>
On the hourly chart, the rate of ADA is rising after breaking the local resistance of $0.7440. If bulls can hold the gained initiative and the daily bar closes with no long wick, growth is likely to continue to the $0.76 mark.TradingView”>
On the longer time frame, the situation is also bullish. If a breakout of the $0.7591 level happens, the accumulated energy might be enough for a blast to the $0.78-$0.80 range.
Such a scenario is relevant until the end of the week.TradingView”>
From the midterm point of view, the picture is less clear. At the moment, traders should focus on the nearest zone of $0.70. If the candle closes below it, there is a high chance to see an ongoing decline to the $0.66-$0.68 range.
ADA is trading at $0.7552 at press time.
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