Cardano

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Most of the coins have not found a local bottom, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-june-20" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="3ff1ba0d-0e0f-46bf-af72-ed9564d027f2" src="https://u.today/sites/default/files/inline-images/top10_1192.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 dropped by 1.29% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="7a21e64f-ed74-4b7f-b06a-eef41dc7073c" src="https://u.today/sites/default/files/inline-images/ada1_116.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, one should pay attention to the local support level of $0.3796. If the daily bar closes far from it and closer to the resistance, there is a chance to see a test of the $0.39 zone tomorrow. <img data-entity-type="file" data-entity-uuid="3c551686-8d5e-47f3-a2f9-3d05a4d2b36f" src="https://u.today/sites/default/files/inline-images/ada2_115.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, traders should focus on the candle's closure in terms of the nearest support level of $0.3772.&nbsp;
If sellers' pressure continues, there is a possibility of seeing a breakout, followed by a further drop to $0.3575. <img data-entity-type="file" data-entity-uuid="429161ae-4696-42ce-bec1-2b3c348c1c9b" src="https://u.today/sites/default/files/inline-images/ada3_100.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the situation remains bearish. If the bar closes with no long wick and below $0.3793, the energy might be enough for a move to the $0.35 range.
ADA is trading at $0.3826 at press time.

Cardano (ADA) Price Prediction for June 21

목차

U_Today

2024년 6월 21일에 게재된 다른 기사

Stablecoin USDT more popular than Bitcoin in Latin America, Kaiko says

Blockchain Association Critiques IRS’s Proposed Broker Rule

Separating Diamond Cuts from Rough Stones - MoonBag Crypto Shines While ChainGPT and LINK Falter

Spot Ethereum ETFs to launch July 2nd, says Bloomberg analyst

Australian Man Receives Prison Sentence for Cyber-Enabled Identity Theft

Bitbot and Slothana Are Fading Stars in Front of MoonBag: Start Staking Rewards with MoonBag with...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!