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Most coins are falling in price today, according to CoinStats.
ADA/USD
Cardano (ADA) price is down 5.11% in the past 24 hours.
Despite today’s decline, ADA price is on its way to the resistance level at $1.0140. If it is broken, growth to the $1.04 area is likely to continue.
On the larger time frame, the picture is neutral, as the price is far from key levels.
Related to
Trading volume is declining, which means there are low chances of seeing any sharp movements in the short term.
From a mid-term point of view, the picture is similar to the daily chart. For now, one should pay attention to the $1 vital zone. If the candle closes above this mark, the upward movement to the $1.10 range is likely to continue.
ADA is trading at $0.9916 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
