Cardano

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
The weekend has started with bull dominance, according to <a href="https://u.today/shib-price-prediction-for-september-20">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="7de39093-baf8-4f5c-86c3-b7d0229e38f6" src="https://u.today/sites/default/files/inline-images/top10_1370.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 risen by 0.66% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="981f3481-63c2-4b2b-a1b3-ec0cce275487" src="https://u.today/sites/default/files/inline-images/ada1_125.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the hourly chart, the price of ADA is trading near the local resistance of $0.3575. If buyers can hold the gained initiative, the breakout may lead to a test of the $0.36 zone soon.
<img data-entity-type="file" data-entity-uuid="8f217d07-cf75-49c9-ba3d-9bb83135322b" src="https://u.today/sites/default/files/inline-images/%D1%84%D0%B2%D1%842_1.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the bigger time frame, one should pay attention to the bar closure in terms of the level of $0.3617. If it happens near it or above, the accumulated energy might be enough for growth to the $0.39-$0.40 range by the end of the month.
<img data-entity-type="file" data-entity-uuid="9bf29433-ab56-42e2-8f07-68902f827d8f" src="https://u.today/sites/default/files/inline-images/ada3_109.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
From the midterm point of view, the weekly bar is about to close bullish. However, a fast reversal is unlikely due to the lack of bulls' energy.
Such a statement is also confirmed by the falling volume. In this regard, an ongoing consolidation in the area of $0.34-$0.38 is the more likely scenario.
ADA is trading at $0.3573 at press time.

Cardano (ADA) Price Prediction for September 21

Table of Contents

U_Today

Other articles published on Sep 21, 2024

Bitcoin Price Surges Following Federal Reserve’s Historic Interest Rate Cut

Iggy Azalea to Launch Online Casino and Gaming Platform Motherland, Powered by Solana-Based MOTHE...

MicroStrategy Acquires 7,420 More Bitcoin, Bringing Total Holdings to 252,220 BTC

Dogecoin Set to Explode: Crypto Analyst Predicts Massive Bull Run – Don’t Miss Out

Crypto Wallets Could Evolve Into “Life Hubs” by 2030, Says Reown CEO

Top 3 Cryptos Under $0.05 Set for a 7,500% Surge!

Join our free newsletter for daily crypto updates!