Cardano

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Buyers have energy for an ongoing rise, according to <a href="https://u.today/xrp-prediction-for-august-21" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="c4599692-5ef8-45b5-8122-63f68c1233ae" src="https://u.today/sites/default/files/inline-images/top10_1311.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>&nbsp; 
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The price of Cardano (ADA) has risen by 4.39% since yesterday. <img data-entity-type="file" data-entity-uuid="acfb3ba8-ec82-454e-ac53-37bec46d7c1f" src="https://u.today/sites/default/files/inline-images/ada1_121.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 might have set a local resistance level of $0.3743. If the daily bar closes far from it, the decline may continue to the support zone by tomorrow. <img data-entity-type="file" data-entity-uuid="28882535-4d01-4674-ac6f-602384b7c748" src="https://u.today/sites/default/files/inline-images/ada2_120.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 has once again bounced off the resistance of $0.3730. If bulls cannot seize the initiative by the end of the day, there is a chance to see a drop to the $0.36 area by the end of the week. <img data-entity-type="file" data-entity-uuid="c612efa3-3436-42ef-aa2a-d2e2c2627573" src="https://u.today/sites/default/files/inline-images/ada3_105.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 candle closure.
If this happens near its peak, the upward move may lead to the test of the $0.38-$0.40 range shortly.
ADA is trading at $0.37 at press time.

Cardano (ADA) Prediction for August 22

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