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Category: Crypto News, News

Cardano (ADA) Price Prediction for July 6

By Published On: July 6, 20251 min readViews: 230 Comments on Cardano (ADA) Price Prediction for July 6

The end of the week has turned out to be bullish for the market, according to CoinStats.

ADA chart by CoinStats

ADA/USD

The price of Cardano (ADA) has gone up by 2.32% over the last 24 hours.

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Image by TradingView

On the hourly chart, the rate of ADA might have set a local resistance of $0.5906. As most of the ATR has been passed, any sharp moves are unlikely to happen by tomorrow.

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Image by TradingView

On the bigger time frame, neither buyers nor sellers are dominating as the price is far from the main levels.

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The volume keeps going down, which means ongoing sideways trading in the narrow range of $0.58-$0.60 is the more likely scenario.

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Image by TradingView

From the midterm point of view, the picture is similar. The weekly bar is about to close neutral, which means traders are unlikely to witness increased volatility next week.

ADA is trading at $0.5847 at press time.

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