Cardano

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Buyers keep holding the initiative at the end of the week, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-march-28" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="8ae38338-da98-4c0a-9f3f-1b695bc8bf4d" src="https://u.today/sites/default/files/inline-images/top10_1022.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 rate of Cardano (ADA) has increased by 0.43% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="28bfe76e-d238-4974-bb04-0a84d5f05a3c" src="https://u.today/sites/default/files/inline-images/ada1_109.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 has made a false breakout of the local resistance level of $0.6642. If the fall continues, one can expect a test of the $0.64 zone tomorrow. <img data-entity-type="file" data-entity-uuid="1f25bf7b-7072-4141-8343-3b6464babd55" src="https://u.today/sites/default/files/inline-images/ada2_106.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, neither bulls nor bears are dominating as the rate is far from the support and resistance levels. Such a statement is also confirmed by the low volume, which means ADA needs more time to accumulate energy for a further move.
In this regard, ongoing consolidation in the narrow range of $0.64-$0.68 is the more likely scenario for the next days. <img data-entity-type="file" data-entity-uuid="c5d29dfd-d1e6-4eb6-a1a8-3944a0316b32" src="https://u.today/sites/default/files/inline-images/%D0%B8%D0%B7%D0%BE%D0%B1%D1%80%D0%B0%D0%B6%D0%B5%D0%BD%D0%B8%D0%B5_2024-03-29_173320497.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the situation is similar to the daily chart. Respectively, traders are unlikely to see any sharp ups or downs shortly. All in all, one can witness sideways trading in the range of $0.60-$0.70 within the upcoming weeks.
ADA is trading at $0.6541 at press time.

Cardano (ADA) Price Prediction for March 29

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