Cardano (ADA) Price Analysis for February 11

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Cardano (ADA) Price Analysis for February 11
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Can the rate of ADA remain above $0.36 until the end of the week? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity

On the hourly chart, the rate of Cardano is accumulating power in the narrow channel between the support at $0.3585 and the resistance at $0.3620. Currently, neither side has seized the initiative. However, if the price can reach the upper level, the breakout may lead to a test of theOn the daily time frame, Cardano has fixed above the support level at $0.3543 formed by its false breakout. If buyers can hold the gained initiative and keep the rate above the $0.

On the weekly chart, the situation is less positive as the price is located below the low at $0.3652. If nothing changes by the time the candle closes, the correction may lead to a test of the $0.34 mark.

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