Cardano

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<a href="https://u.today/solana-sol-price-analysis-for-september-2" rel="noopener noreferrer nofollow">Bears</a> keep controlling the initiative on the last day of the week.&nbsp; 
<img data-entity-type="file" data-entity-uuid="e14cf266-a497-4ee1-b8a8-d4eee225ed52" src="https://u.today/sites/default/files/inline-images/top10_633.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
<h2 dir="ltr" id="ada-usd">ADA/USD</h2> 
The rate of Cardano (ADA) has declined by 0.16% since yesterday. Over the last week, the price has declined by 3.34%. 
<img data-entity-type="file" data-entity-uuid="932b6e9a-c559-4351-8ea1-24258f04e357" src="https://u.today/sites/default/files/inline-images/ada1_74.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the rate of Cardano (ADA) is looking bearish as the rate has failed to fix above the resistance at $0.2571. If the decline continues to the support, there is a high chance to see a channel breakout followed by a blast to the $0.25 zone soon. 
<img data-entity-type="file" data-entity-uuid="04f022db-f517-4d8b-8884-0dd7d3839a8f" src="https://u.today/sites/default/files/inline-images/ada2_74.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger time frame, sellers are also more powerful than buyers as the candle is about to close below the previous bar low.&nbsp; 
If that happens, traders are likely to see a test of the support at $0.25 within the next few days. 
<img data-entity-type="file" data-entity-uuid="39fc90ff-17e6-4603-be05-9d6be4bd49a9" src="https://u.today/sites/default/files/inline-images/ada3_63.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, there are no reversal signals yet. If the drop continues to the interim mark of $0.24, the accumulated power might be enough for a test of the $0.22 level by the end of the upcoming week. 
ADA is trading at $0.2544 at press time.

Cardano (ADA) Price Analysis for September 3

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