Category: Crypto News, News
Cardano (ADA) Price Prediction for November 11
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The crypto market remains green today, according to CoinStats.
ADA/USD
Cardano (ADA) is one of the biggest gainers today, rocketing by more than 8%.
On the hourly chart, the price of ADA might have set a local resistance level of $1.0961. As part of the daily ATR has been passed, there are low chances to expect any sharp moves by tomorrow.
On the bigger time frame, the rate of ADA keeps accumulating energy for a further move. As none of the sides has seized the initiative, ongoing sideways trading in the range of $1.00-$1.10 is the more likely scenario until the end of the week.
On the weekly chart, the price is far from the main levels. In this regard, one should pay attention to the nearest vital zone of $1.00.
Related
If the candle closes above it, one may witness consolidation in the range of $1.00-$1.30 until the end of the month.
ADA is trading at $1.0749 at press time.
Written by : Editorial team of BIPNs
Main team of content of bipns.com. Any type of content should be approved by us.
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