Cardano

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
The <a href="https://u.today/bitcoin-btc-price-analysis-for-september-23" rel="noopener noreferrer nofollow">cryptocurrency market</a> is mainly trading neutrally on the last day of the week. 
<img data-entity-type="file" data-entity-uuid="dc7abd04-9f17-46a3-8e80-374f4638dcbf" src="https://u.today/sites/default/files/inline-images/top10_674.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 almost not changed since yesterday. Over the last week, the price has declined by 1.60%. 
<img data-entity-type="file" data-entity-uuid="32fb2856-80f2-49d2-b08f-a60a087e2816" src="https://u.today/sites/default/files/inline-images/ada1_79.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) has set the local resistance level of $0.2462. If the daily candle closes near it, the price blast may lead to a test of the $0.2470-$0.2475 zone tomorrow. 
<img data-entity-type="file" data-entity-uuid="1ef44695-5f5c-46a4-aa53-db0633cff4f3" src="https://u.today/sites/default/files/inline-images/ada2_79.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily time frame, the price has not dropped much after a false breakout of the resistance level at $0.2465. While the rate is below that mark, there is still a chance to see a correction. 
However, if the upward move continues, traders are likely to see a test of the vital range of $0.25 next week. 
<img data-entity-type="file" data-entity-uuid="41d096fa-79a1-47a0-b7b8-26f1c8576847" src="https://u.today/sites/default/files/inline-images/ada3_68.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 candle is about to close bearish again, which means that buyers have failed to seize the initiative. However, one should also focus on the bar closure in terms of the near levels. If it happens far from the support of $0.2380, there is a possibility to see a bounce back to the $0.25 area. 
ADA is trading at $0.2458 at press time.&nbsp;

Cardano (ADA) Price Analysis for September 24

Table of Contents

U_Today

Other articles published on Sep 24, 2023

Solana's 0.18% Price Increase to $19.62: Key Insights for September 24, 2023

Top 5 Weekly Cryptocurrency Picks: “XRP – SOL – LINK – ADA – PEPE”

TMO Stock Price Might Slump Below $500 Level, Says Analysts

Things that make no sense in Elon Musk’s biography

Yum Brands (NYSE: YUM) Faces Breakdown, Will YUM Settle at $120?

ALGO Price Analysis: Is ALGO Set To Skyrocket With This Break?

Join our free newsletter for daily crypto updates!