Cardano (ADA) Price Analysis for September 17

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Denys Ser­hi­ichuk

Does price of Car­dano (ADA) have enough pow­er for local growth?

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 liable for any finan­cial loss­es incurred while trad­ing cryp­tocur­ren­cies. Con­duct your own research by con­tact­ing finan­cial experts before mak­ing any invest­ment deci­sions. We believe that all con­tent is accu­rate as of the date of pub­li­ca­tion, but cer­tain offers men­tioned may no longer be available.

The last day of the week is nei­ther bull­ish nor bear­ish as the rates of some coins are ris­ing while oth­ers keep falling.

Top coins by Coin­Mar­ket­Cap


The rate of Car­dano (ADA) has declined by 0.46% over the last 24 hours.

Image by Trad­ingView

On the hourly chart, the price of ADA is trad­ing near the local resis­tance lev­el of $0.2505. If the dai­ly bar clos­es around it or even above, there is a chance to see a break­out fol­lowed by a fur­ther rise to the $0.2520-$0.2530 zone tomorrow.

Image by Trad­ingView

A less clear pic­ture is on the dai­ly time frame, as the price keeps trad­ing side­ways, accu­mu­lat­ing ener­gy for a sharp move. While the rate is below the $0.26 lev­el, bears are con­trol­ling the situation.

In this case, there is still a pos­si­bil­i­ty to see a decline to the zone of $0.2450.

Image by Trad­ingView

From the midterm point of view, the rate of Car­dano (ADA) has once again bounced off the area of $0.24. If the week­ly can­dle clos­es far from it, buy­ers might seize the ini­tia­tive, which could lead to an upward move to $0.26.

ADA is trad­ing at $0.25 at press time.

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