Cardano

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The correction continues on the cryptocurrency market on the weekend, according to <a href="https://u.today/toncoin-ton-prediction-for-september-6" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="4982c614-e43a-4ba2-ac9f-e68f36a3c1d4" src="https://u.today/sites/default/files/inline-images/top10_1343.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 id="ada-usd">ADA/USD</h2>
The price of Cardano (ADA) has gone down by 0.09% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="97133824-49f3-4d39-9ef5-c2b0b2a2834a" src="https://u.today/sites/default/files/inline-images/ada1_123.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 broken the local resistance of $0.3243.
If the daily bar closes above that mark and with no long wick, the upward move is likely to continue tomorrow to the $0.33 range. <img data-entity-type="file" data-entity-uuid="ed4fa578-3257-4d65-9e73-cd92be2ce09a" src="https://u.today/sites/default/files/inline-images/ada2_122.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the price of ADA is rising after a false breakout of the support level of $0.3050. If the candle closes near $0.33, the energy might be enough for an ongoing bounce back to the $0.34-$0.35 zone. <img data-entity-type="file" data-entity-uuid="a55ed7f7-8d58-4368-846a-79bd81220817" src="https://u.today/sites/default/files/inline-images/ada3_107.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should pay attention to the weekly bar closure. If it happens around the current prices, there is a chance of a local rise to the $0.35 area.
ADA is trading at $0.3243 at press time.

Cardano (ADA) Prediction for September 7

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