Cardano

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The prices of most of the coins <a href="https://u.today/ethereum-eth-price-prediction-for-february-15" rel="noopener noreferrer nofollow">keep rising</a>, however, there are some exceptions to the rule. <img data-entity-type="file" data-entity-uuid="6deaae8d-7f4f-4ffa-9dce-9c2b023d60be" src="https://u.today/sites/default/files/inline-images/top10_940.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The rate of Cardano (ADA) is going up, growing by 1.31% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="a7037b96-df4b-405c-a1fe-765e4e5d11b3" src="https://u.today/sites/default/files/inline-images/ada1_103.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of ADA might have set a local support level of $0.5909. Currently, the rate is on its way to testing the resistance of $0.6118.&nbsp;
If buyers can hold the initiative and the daily bar closes near the $0.61 zone, there is a chance to see a blast to the $0.62 area. <img data-entity-type="file" data-entity-uuid="c05c22a6-4367-495e-bba8-710afecac868" src="https://u.today/sites/default/files/inline-images/ada2_101.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, traders should focus on the bar's closure in terms of yesterday's peak. If it happens above $0.6126, the upward move may continue to the nearest resistance of $0.6174. Such a scenario is relevant until the end of the week. <img data-entity-type="file" data-entity-uuid="d3674bdd-17d2-4c74-aa32-3157e7062982" src="https://u.today/sites/default/files/inline-images/ada3_90.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
The weekly chart is also looking bullish as the rate keeps rising after the breakout of the $0.5482 level. At the moment, one should pay attention to the closure in terms of the interim level of $0.62. If it happens near that mark and with no long wick, there is a chance to see a test of the $0.65-$0.68 area by the end of the month.
ADA is trading at $0.6063 at press time.

Cardano (ADA) Price Prediction for February 16

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