Can ADA keep the rise while other coins are trading sideways? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
On the hourly chart, the price of Cardano is trading near the resistance level at $0.3412 after the false breakout of the support at $0.3338.If bulls can hold the gained initiative, the rise may continue to the $0.35 zone tomorrow.
On the bigger time frame, Cardano is not looking so bullish as the rate is far from the resistance level at $0.3697. However, if today's bar closes above yesterday’s peak at $0.3430, the growth may continue to $0.36 soon. On the daily chart against Bitcoin , the price is trying to keep yesterday's growth going. However, bulls might not have accumulated enough power for a trend change. In this case, the more likely scenario is sideways trading in the range of 0.000016-0.000001630.
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