Cardano

April

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Buyers are trying to hold the gained initiative, according to <a href="https://u.today/xrp-price-prediction-for-april-6">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="f79d6091-162d-4f5d-b421-aff882df5cc0" src="https://u.today/sites/default/files/inline-images/top10_1040.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 1.22% since yesterday. Over the last week, the price has fallen by 8.94%.
<img data-entity-type="file" data-entity-uuid="9dd3bc16-2e65-4791-b4ee-1ab00cf30fa1" src="https://u.today/sites/default/files/inline-images/ada1_110.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the hourly chart, traders should pay attention to the local resistance level of $0.5908. If the daily bar closes above that mark, the growth is likely to continue to the $0.60 zone.
<img data-entity-type="file" data-entity-uuid="756705c0-66d9-430d-929a-f52efb573082" src="https://u.today/sites/default/files/inline-images/ada2_107.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the bigger time frame, the rate of ADA is approaching the resistance of $0.5950. If the candle closes near it or even above, the accumulated energy might be enough for a test of the $0.60-$0.61 area next week.
<img data-entity-type="file" data-entity-uuid="dbe2b0bd-d7b2-4d35-aa5d-b82c2b0c32b2" src="https://u.today/sites/default/files/inline-images/ada3_96.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
A less positive picture is on the weekly chart. At the moment, the price keeps trading near the support level of $0.5680, which is a bearish signal from the midterm point of view.
If a breakout happens, one can expect a more profound correction to the $0.50 zone.
ADA is trading at $0.5889 at press time.

Cardano (ADA) Price Prediction for April 7

Table of Contents

U_Today

Other articles published on Apr 7, 2024

Crypto Price Prediction: Sideways Market Stirs Bullish Sentiment Pre-Bitcoin Halving

Watch Out: 44 Altcoins Will See Massive Token Unlocks in the New Week – Here is the Day by Day, H...

Do Kwon and his Terraform found liable for crypto and securities fraud

Will KASPA (KAS) Reach $2-$4 by 2024?

Dogecoin Mining: A Comprehensive Guide For DOGE Miners

Ripple Takes a Leap into Stablecoin Sphere with New Initiative

Join our free newsletter for daily crypto updates!