Can ADA get to $0.32 next week? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
The rate of Cardano has declined by 0.52% over the last 24 hours.
On the hourly chart, Cardano has started the day with a false breakout of the local support level at. However, the price has failed to break the resistance at $0.3134. If the rate cannot be fixed above that mark by the end of the day, the fall may continue to $0.31 tomorrow. The situation has not changed so far on the daily time frame, as the price keeps accumulating power for a further sharp move. The rate is located in the middle of the wide channel between the support at $0.2953 and the resistance at $0.3265. As the price is far from these levels, continued sideways trading in the range of $0.3050-$0.3150 is the more likely scenario for the upcoming week.
The weekly chart paints a similar picture. If buyers want to seize the initiative, they need to bring the rate back above the $0.32 zone. In this way, traders could expect a short-term bull run.
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