Cardano

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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Neither bulls nor bears are dominating today, according to <a href="https://u.today/doge-price-analysis-for-october-28" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="318d9c81-1abe-4bf5-a99a-3fda7af043e2" src="https://u.today/sites/default/files/inline-images/top10_742.png">ADA chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The price of Cardano (ADA) has risen by 0.6% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="cd0ef4bd-f8e1-43ab-8a7b-de2ab1ecda3a" src="https://u.today/sites/default/files/inline-images/ada1_90.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly time frame, the rate of ADA has set a local resistance of $0.2958. If the daily bar closes around that mark, the breakout may lead to a blast to the $0.30 zone soon. <img data-entity-type="file" data-entity-uuid="6acc4683-47a6-4e0d-b46e-1b88d8e83810" src="https://u.today/sites/default/files/inline-images/%D1%84%D0%B2%D1%842.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a>
Bulls are also dominating on the daily time frame. If a breakout happens, the accumulated energy might be enough for a continued rise to the $0.3050-$0.31 area next week. <img data-entity-type="file" data-entity-uuid="f7ca110f-f9c7-4437-8955-0c6b61ddb511" src="https://u.today/sites/default/files/inline-images/ada3_79.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 in the bullish zone.
Moreover, if that happens with no long wicks, traders are likely to see a test of the $0.32 area by mid-November.
ADA is trading at $0.2955 at press time.

Cardano (ADA) Price Analysis for October 29

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