Category: Crypto News, News
Cardano (ADA) Price Prediction for October 1
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The correction continues on the market, according to CoinMarketCap.
ADA/USD
The rate of Cardano (ADA) has fallen by 2.12% over the last 24 hours.
On the hourly chart, the price of ADA has come back to the local support level of $0.3745. If the daily bar closes near it, one can expect a breakout, followed by a move to the $0.37 zone and below.
On the bigger time frame, sellers’ pressure remains relevant. If the breakout of the interim zone of $0.37 happens, traders may witness a more profound drop to the $0.36-$0.3650 area by the end of the week.
From the midterm point of view, bulls could not keep the growth going after the previous bullish candle closure.
Related
If buyers want to get back in the game, they need to restore the rate above the $0.40 range.
ADA is trading at $0.3750 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.
Share this article: