Cardano

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 Cover image via <a href="https://u.today/">U.Today</a>
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The market might not have faced a peak yet, according to <a href="https://u.today/ethereum-eth-price-prediction-for-march-7">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="c018fb6d-f69d-4b6f-b80a-a2317765f91a" src="https://u.today/sites/default/files/inline-images/top10_981.png">Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The rate of Cardano (ADA) has increased by 0.55% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="463db2e9-4820-4c01-bcb4-935d40bd7193" src="https://u.today/sites/default/files/inline-images/ada1_105.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the hourly chart, the price of ADA is looking bearish as it is coming back to the local support level of $0.7292. If the situation does not change by the end of the day, one can expect a breakout, followed by a move to the $0.72 zone.
<img data-entity-type="file" data-entity-uuid="c597145f-c94f-441b-9ce8-a09ffb949a7a" src="https://u.today/sites/default/files/inline-images/ada2_102.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
A less clear picture appears on the bigger time frame. The volume has declined, which means that none of the sides is ready for a further sharp move.&nbsp;
In this case, consolidation in the area of $0.72-$0.76 is the more likely scenario for the next few days.
<img data-entity-type="file" data-entity-uuid="eb31e4ac-9f73-4c34-899e-476dd4a14983" src="https://u.today/sites/default/files/inline-images/ada3_92.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the weekly chart, traders should pay attention to the bar's closure in terms of the $0.68 level. Until the price is above that mark, bulls remain more powerful than bears. All in all, the midterm growth may continue to the $0.80 zone and above.
ADA is trading at $0.7309 at press time.

Cardano (ADA) Price Prediction for March 8

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