Cardano

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Buyers have failed to seize the initiative, according to <a href="https://u.today/shib-price-prediction-for-june-27" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="8d1825a5-c18e-4032-a131-4c198bb53712" src="https://u.today/sites/default/files/inline-images/top10_1204.png">ADA chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The rate of Cardano (ADA) has declined by 0.71% since yesterday. <img data-entity-type="file" data-entity-uuid="4710139b-0dc7-4f33-8f23-2603dcb6054f" src="https://u.today/sites/default/files/inline-images/ada1_117.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 is looking bearish as the rate has come back to the support of $0.3852. If the situation does not change by the end of the day, there is a chance to see a breakout, followed by a move to $0.38. <img data-entity-type="file" data-entity-uuid="842f0220-37b3-4e9e-835c-ccdab1014511" src="https://u.today/sites/default/files/inline-images/ada2_116.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 pay attention to the interim zone of $0.40. If it breaks out, the accumulated energy might be enough for a further rise to the $0.41-$0.42 range. <img data-entity-type="file" data-entity-uuid="f4d3d2c5-4bd0-4b88-b9ad-f60125e0574c" src="https://u.today/sites/default/files/inline-images/ada3_101.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, neither buyers nor sellers are dominating. Such a statement is also confirmed by low volume.
All in all, sideways trading between $0.36 and $0.40 is the more likely scenario for the next few days.
ADA is trading at $0.3893 at press time.

Cardano (ADA) Price Prediction for June 28

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Alte articole publicate pe 28 iun. 2024

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