Cardano (ADA) Price Analysis for March 26
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bulls are back in the game on the last day of the week, according to CoinMarketCap’s ranking.
ADA/USD
The price of Cardano (ADA) has risen by 0.74% over the last 24 hours.
On the hourly chart, the rate of Cardano (ADA) 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 the $0.37 zone.
On the weekly chart, ongoing sideways trading is the more likely scenario for Cardano (ADA) 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.
ADA is trading at $0.3588 at press time.
