The price of Cardano (ADA) has gone down by 4.24% since yesterday.
Image by TradingViewDespite today’s fall, the price of ADA is in the middle of the local channel. As none of the sides has seized the initiative yet, the ongoing sideways trading around $0.57 is the more likely scenario until tomorrow.
Image by TradingViewOn the daily time frame, the price of ADA has made a false breakout of the support of $0.5588.
If the bar closes far from this mark, the growth may continue to $0.58 soon.
Image by TradingViewOn the weekly chart, the picture is less positive. The price has come back to the support level of $0.5588. If the candle closes around the current prices, the breakout may lead to a more profound drop to the $0.53 zone.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
