Cardano

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The <a href="https://u.today/xrp-price-analysis-for-september-5" rel="noopener noreferrer nofollow">market</a> remains under bears' pressure, according to the CoinMarketCap ranking. 
<img data-entity-type="file" data-entity-uuid="102d06b6-804a-4661-8307-03ce08ed2df0" src="https://u.today/sites/default/files/inline-images/top10_639.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 0.31% over the last 24 hours. 
<img data-entity-type="file" data-entity-uuid="6a53a297-1720-4123-b0b9-9e76c5356e15" src="https://u.today/sites/default/files/inline-images/ada1_75.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the hourly chart, the price of Cardano (ADA) is on its way to the local support level of $0.2551. If buyers cannot seize the initiative now, closure near the mentioned mark may lead to a more profound drop to the $0.2540 zone tomorrow. 
<img data-entity-type="file" data-entity-uuid="e44277e1-ab6f-49da-9dc9-581c84d5233c" src="https://u.today/sites/default/files/inline-images/ada2_75.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
A less clear picture is can be seen on the bigger time frame as the price keeps trading sideways, gaining energy for a further sharp move. In this case, ongoing consolidation in the area of $0.2540-$0.26 is the more likely scenario until the end of the week. 
<img data-entity-type="file" data-entity-uuid="ebf44721-be4d-4598-9e80-3cda412db728" src="https://u.today/sites/default/files/inline-images/ada3_64.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, neither buyers nor sellers are dominating as the rate is far from the key levels. 
Respectively, sideways trading between $0.25 and $0.26 is the more likely scenario until mid-September. 
ADA is trading at $0.2551 at press time.

Cardano (ADA) Price Analysis for September 6

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