Cardano

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The majority of the cryptocurrencies have returned to the red zone, according to <a href="https://u.today/doge-and-shib-prediction-for-july-22" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="98c7c2b1-7726-41dd-a5c6-7433868dc153" src="https://u.today/sites/default/files/inline-images/top10_1252.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 price of Cardano (ADA) has declined by 2.15% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="4a22d51c-67d5-4076-9151-210ae166abe9" src="https://u.today/sites/default/files/inline-images/ada1_118.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of ADA has bounced off the local support level of $0.4180. If the situation does not change, one can expect a test of the resistance by tomorrow. <img data-entity-type="file" data-entity-uuid="d315a13a-a036-4a55-b601-3e801029835f" src="https://u.today/sites/default/files/inline-images/ada2_117.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A different situation can be seen on the daily time frame. Bears still remain more powerful than bulls as the rate is near the interim zone of $0.42. If the candle closes near it, traders may witness an ongoing correction to the $0.40 range. <img data-entity-type="file" data-entity-uuid="895bbab6-2d45-405c-bd21-1e5a2a392ebf" src="https://u.today/sites/default/files/inline-images/ada3_102.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, bulls have failed to keep the growth after a bullish bar closure.&nbsp;
If the weekly bar closes far from $0.45, sellers may return the rate to the $0.40 zone.
ADA is trading at $0.4264 at press time.

Cardano (ADA) Prediction for July 23

Table of Contents

U_Today

Other articles published on Jul 23, 2024

BREAKING: US Treasury Could Adopt Bitcoin as Reserve Currency and Continue to Buy More BTC

Terra Classic Price Gears for 33% Gains As USTC, LUNC Tokens Gain Real Utility

Ethereum Price Stays Flat Despite Today’s ETF Debut: QCP Explains Why

Expect the Unexpected: Galaxy Fox Set to Outshine DogeCoin and Shiba Inu in Q2?

LayerZero Bounty Hunters List Released, Rewards on July 23!

BlockFi Sells FTX Claims at Premium

Join our free newsletter for daily crypto updates!