Cardano

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 Cover image via <a href="https://u.today/">U.Today</a>
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The weekend is ending bearish for the market, according to <a href="https://u.today/xrp-price-prediction-for-march-16">CoinStats</a>.
<img data-entity-type="file" data-entity-uuid="32600c7f-ba47-425b-aabf-63fe57ef314a" src="https://u.today/sites/default/files/inline-images/top10_999.png">ADA chart by&nbsp;<a href="https://coinstats.app/coins/">CoinStats</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The rate of Cardano (ADA) has declined by 3.87% since yesterday.
<img data-entity-type="file" data-entity-uuid="2e021a49-a93a-4502-9c93-fe962fae5e79" src="https://u.today/sites/default/files/inline-images/ada1_107.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the hourly chart, the price of ADA is looking bullish as it is approaching the local resistance level at $0.6829. If buyers can hold the gained initiative, there is a chance of a breakout followed by a move to $0.70 tomorrow.
<img data-entity-type="file" data-entity-uuid="99cc1cac-7bc3-4cc6-a54e-1188028afea0" src="https://u.today/sites/default/files/inline-images/ada2_104.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the bigger time frame, the rate of the altcoin has bounced off the $0.65 area. However, it is too early to think about a further midterm rise as ADA has not accumulated enough energy for that.
In this case, sideways trading in the area of $0.65-$0.70 is the more likely scenario for next week.
<img data-entity-type="file" data-entity-uuid="b95502fb-fed3-4012-8ae9-f5f0dd544a42" src="https://u.today/sites/default/files/inline-images/ada3_94.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the weekly chart, the price of ADA keeps falling after a failed attempt to fix above the $0.08 zone. Thus, the selling volume has increased, which means that bears' pressure might not be finished yet. Respectively, there is still a chance of a test of $0.60 soon.
ADA is trading at $0.6735 at press time.

Cardano (ADA) Price Prediction for March 17

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