Cardano

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
Bulls could withstand the bears' pressure as <a href="https://u.today/shib-price-analysis-for-september-20" rel="noopener noreferrer nofollow">most of the coins</a> have come back to the red zone. 
<img data-entity-type="file" data-entity-uuid="679484f6-046f-44d8-a988-cdbae1d48b30" src="https://u.today/sites/default/files/inline-images/top10_667.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 1.75% over the last 24 hours. 
<img data-entity-type="file" data-entity-uuid="0b55f178-95a0-44b8-b9ce-7a5ca1b3139c" src="https://u.today/sites/default/files/inline-images/ada1_78.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 might have found a local support level of $0.2476. At the moment, one should pay attention to the daily bar closure.&nbsp; 
If it happens above that mark, buyers can seize the initiative, which might lead to a bounce back to the $0.25 area. 
<img data-entity-type="file" data-entity-uuid="fcdb41b3-f4de-41d3-be0c-862bfc3b3044" src="https://u.today/sites/default/files/inline-images/ada2_78.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
A completely opposite picture can be seen on the daily time frame, as the rate remains in the middle of the narrow channel. As none of the sides has seized the initiative yet, ongoing consolidation in the range of $0.2450-$0.2550 is the more likely scenario until the end of the week. 
<img data-entity-type="file" data-entity-uuid="1c4ef6b6-f99b-4076-b5c8-b6a288800ed6" src="https://u.today/sites/default/files/inline-images/ada3_67.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the bigger chart, bears continue their pressure as the price is near the support level of $0.2380. If the weekly candle closes below $0.24, there is a high possibility of seeing a support breakout. 
ADA is trading at $0.2481 at press time.

Cardano (ADA) Price Analysis for September 21

Table of Contents

U_Today

Other articles published on Sep 21, 2023

Look at 3 'Ripple Effects' to Watch in XRP Price

As GOLD Token Shoots Up 28,000%, This Viral New AI Coin Just Raised More Than $3.9 Million – 5-Da...

Over 20 ESG Funds Shut Down in 2023 Amid Fading Interest

Cryptocurrency misuse cases in Latin America

Bitcoin Stumbles After Fed’s Decision: What’s Next for Crypto?

Introducing Speedy Mode on NymConnect!

Join our free newsletter for daily crypto updates!