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.