Cardano

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The last day of the week is neither bullish nor bearish as the rates of <a href="https://u.today/bone-price-analysis-for-september-16" rel="noopener noreferrer nofollow">some coins</a> are rising while others keep falling. 
<img data-entity-type="file" data-entity-uuid="3dcf7a04-4e55-408f-9e0f-a69ce5e6fe28" src="https://u.today/sites/default/files/inline-images/top10_660.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 0.46% over the last 24 hours. 
<img data-entity-type="file" data-entity-uuid="0db59354-0844-4b70-8299-38160bd5407a" src="https://u.today/sites/default/files/inline-images/ada1_76.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 ADA is trading near the local resistance level of $0.2505. If the daily bar closes around it or even above, there is a chance to see a breakout followed by a further rise to the $0.2520-$0.2530 zone tomorrow. 
<img data-entity-type="file" data-entity-uuid="f5719ce5-6a62-40ef-9f1b-d46ab722994c" src="https://u.today/sites/default/files/inline-images/ada2_76.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
A less clear picture is on the daily time frame, as the price keeps trading sideways, accumulating energy for a sharp move. While the rate is below the $0.26 level, bears are controlling the situation. 
In this case, there is still a possibility to see a decline to the zone of $0.2450. 
<img data-entity-type="file" data-entity-uuid="87522a1f-ff7d-44da-8e86-e8b70e07c016" src="https://u.today/sites/default/files/inline-images/ada3_65.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
From the midterm point of view, the rate of Cardano (ADA) has once again bounced off the area of $0.24. If the weekly candle closes far from it, buyers might seize the initiative, which could lead to an upward move to $0.26. 
ADA is trading at $0.25 at press time.

Cardano (ADA) Price Analysis for September 17

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