Cardano

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Sellers keep their pressure as the prices of most of the coins are falling, according to <a href="https://u.today/shib-price-prediction-for-june-13" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="a94c2ff8-42a9-4dca-adbb-d3d3d07317ba" src="https://u.today/sites/default/files/inline-images/top10_1179.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) has dropped by almost 2% over the last day. <img data-entity-type="file" data-entity-uuid="c8dbe94d-835c-4a03-8197-75f9542a7d73" src="https://u.today/sites/default/files/inline-images/ada1_115.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 is in the middle of the narrow channel. As none of the sides is dominating, ongoing sideways trading in the zone of $0.4220-$0.4230 is the more likely scenario until the end of the day. <img data-entity-type="file" data-entity-uuid="efba82aa-1ef6-4506-8ad2-2d1027a3a106" src="https://u.today/sites/default/files/inline-images/ada2_113.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, bears are more powerful than bulls. If buyers lose the $0.42 zone, the drop may lead to the test of the $0.40-$0.41 range soon. <img data-entity-type="file" data-entity-uuid="47ae4b4d-3ba5-4856-8451-2eabfc858b1b" src="https://u.today/sites/default/files/inline-images/ada3_99.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, there are also no reversal signals yet. If the weekly candle closes near the support level, the accumulated energy might be enough for a blast to the $0.38 area.&nbsp;
Such a scenario is relevant until the end of the month.
ADA is trading at $0.4213 at press time.

Cardano (ADA) Price Prediction for June 14

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