Can ADA rise against the fall of other coins? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
The price of Cardano has gone down by 3.23% over the past 24 hours.
On the hourly chart, the day has started with a false breakout of the resistance level at $0.3349. However, bulls have managed to seize the initiative, forming a bounce back of the support at $0.3279.If the slight rise continues, the price can get to the $0.34 mark soon. On the daily chart, Cardano is on the way to the support level at $0.31. A breakout of the support level may happen if the price fixes below $0.32. Such a scenario is relevant until the end of the month.
On the weekly chart, Cardano has made a false breakout of the support level at the $0.33 mark. However, if the candle closes near or below it, the accumulated energy might be enough for a sharp downward move to the $0.25 zone.
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