Cardano (ADA) Price Analysis for September 17

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

ADA/USD

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

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.

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.

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.