Can traders expect a rise of ADA next week? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
On the hourly chart, the rate of Cardano is near the local resistance at $0.3594. If buyers can hold the gained initiative until the end of the day, the growth may lead to a test of the $0.3640 zone shortly.
On the bigger time frame, the situation is less obvious. The price has once again made a false breakout of the support at $0.3489. If the bar closes with no long wicks, the upward move may continue to the middle of the channel, around theOn the weekly chart, ongoing sideways trading is the more likely scenario for Cardano as the price is located far from the key levels. In this case, traders might see ADA in the area of $0.35-$0.37 until mid-April.
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