Cardano

bullish

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The correction continues on the market, according to <a href="https://u.today/btc-eth-and-xrp-price-prediction-for-september-30" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="d976d0be-9968-406c-af91-5e6ec93936e8" src="https://u.today/sites/default/files/inline-images/top10_1390.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 fallen by 2.12% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="1f38d58a-21f7-4dd3-aaf1-0e54c2d347f6" src="https://u.today/sites/default/files/inline-images/ada1_127.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 has come back to the local support level of $0.3745. If the daily bar closes near it, one can expect a breakout, followed by a move to the $0.37 zone and below. <img data-entity-type="file" data-entity-uuid="21dfcfc8-899b-4183-b951-c6e4159d79f5" src="https://u.today/sites/default/files/inline-images/ada2_124.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, sellers' pressure remains relevant. If the breakout of the interim zone of $0.37 happens, traders may witness a more profound drop to the $0.36-$0.3650 area by the end of the week. <img data-entity-type="file" data-entity-uuid="92b72c77-717a-46a8-8567-648d316520e9" src="https://u.today/sites/default/files/inline-images/ada3_111.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 could not keep the growth going after the previous bullish candle closure.&nbsp;
If buyers want to get back in the game, they need to restore the rate above the $0.40 range.
ADA is trading at $0.3750 at press time.

Cardano (ADA) Price Prediction for October 1

Table of Contents

U_Today

Other articles published on Oct 1, 2024

Qubetics Revolutionising Blockchain with Seamless Interoperability and Scalability

5 Ways To Make Passive Income Through Cryptocurrency in 2024

Robinhood Launches Crypto Transfer Services for European Customers

Crypto Prices Today October 1: BTC Rises To $64K, POPCAT & SUI Jumps 10%

Worldcoin Fined for Illegal Data Collection in South Korea

Ripple’s 500 Million XRP Escrow Lock Triggers Whale Alert

Join our free newsletter for daily crypto updates!