Can the rate of ADA rise against the market fall? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
On the hourly chart, the price of Cardano is trading near the local resistance at $0.32. If buyers can hold the rate near that mark until the end of the day, the rise may continue to the $0.3220 zone tomorrow.
On the daily time frame, the rate of Cardano has made a false breakout of yesterday's low at $0.3133. However, a one-day reversal is not enough for midterm growth.In this case, sideways trading in the range of $0.32-$0.3250 is the more likely scenario until the end of the week. On the bigger chart, traders should focus on the support level at $0.3187. If the candle closes above it, there is a possibility of seeing a bounce off to the zone around $0.33 by the end of the month.
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