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Cardano (ADA) Price Prediction for November 7

By Published On: November 7, 20241.5 min readViews: 260 Comments on Cardano (ADA) Price Prediction for November 7

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Most of the coins might need some time to accumulate energy for a further move, according to CoinMarketCap.

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Top coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) keeps rising, going up by 3.40% since yesterday.

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Image by TradingView

Despite today’s growth, the price of ADA remains bullish on the hourly chart. If the upward move continues to the resistance, one can expect a breakout, followed by a move to the $0.38 zone.

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Image by TradingView

On the bigger time frame, the picture is also bullish. If buyers can hold the gained initiative, traders may witness a test of the resistance level of $0.3860 by the end of the week.

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Image by TradingView

From the midterm point of view, the rate of ADA is far from key levels. 

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Bitcoin (BTC) Price Prediction for November 6

However, if the weekly candle closes around the current prices, the accumulated energy might be enough for a test of the $0.4158 level soon.

ADA is trading at $0.3739 at press time.

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