Cardano

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Bulls are trying to restore the lost initiative as <a href="https://u.today/bitcoin-btc-price-analysis-for-july-18" rel="noopener noreferrer nofollow">most of the coins</a> are coming back to the green zone. 
<img alt="Top coins by CoinMarketCap" data-entity-type="file" data-entity-uuid="6a64a829-3180-4b30-85c8-50fd22b5998c" src="https://u.today/sites/default/files/inline-images/top10_551.png"> 
Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a> 
<h2 id="ada-usd">ADA/USD</h2> 
The rate of Cardano (ADA) has increased by 2.77% over the last 24 hours. 
<img alt="ADA/USD chart by TradingView " data-entity-type="file" data-entity-uuid="e613de47-0780-4815-ae54-356dedad969e" src="https://u.today/sites/default/files/inline-images/ada1_65.png"> 
Image by <a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
Despite the rise, the price of Cardano (ADA) is coming back to the local support level at $0.3069. If the decline continues until the end of the day, bears might again seize the initiative, which can lead to the test of the $0.30 zone shortly. 
<img alt="ADA/USD chart by TradingView " data-entity-type="file" data-entity-uuid="8566597a-b6cc-4ac5-b35b-a43b282a85d5" src="https://u.today/sites/default/files/inline-images/ada2_66.png"> 
Image by <a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the daily time frame, the rate of Cardano (ADA) is in the middle of a wide channel, accumulating energy for a further move. As none of the sides has seized the initiative yet, ongoing sideways trading in the area of $0.30-$0.32 is the more likely scenario. 
<img alt="ADA/USD chart by TradingView " data-entity-type="file" data-entity-uuid="e8db040e-df3f-428e-9d90-8071f2f57b8c" src="https://u.today/sites/default/files/inline-images/ada3_55.png"> 
Image by <a href="https://www.tradingview.com/symbols/ADAUSD" rel="noopener noreferrer nofollow">TradingView</a> 
On the weekly chart, the situation is more positive as the rate has bounced off the important zone of $0.30. If the candle closes far from it, there is a chance to see local growth to the $0.35 area. 
<a href="https://u.today/doge-and-shib-price-analysis-for-july-18" rel="noopener noreferrer nofollow">card</a> 
Such a scenario is relevant until the end of the month. 
ADA is trading at $0.3110 at press time.

Cardano (ADA) Price Analysis for July 18

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