Cardano (ADA) Price Analysis for October 15
The post Cardano (ADA) Price Analysis for October 15 appeared on BitcoinEthereumNews.com. Cover image via www.tradingview.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In the second half of the day, the cryptocurrency market is trading sideways, according to CoinStats. ADA chart by CoinStats ADA/USD The rate of Cardano (ADA) has fallen by 0.61% over the last 24 hours. Image by TradingView On the hourly chart, the price of Cardano (ADA) is trading near the local support level of $0.2453. If no bounce back happens until the end of the day, the breakout may lead to a blast to the $0.2440 area by tomorrow. Image by TradingView A similar situation is on the daily time frame. The rate of ADA is returning to the support level of $0.2447. If buyers cannot seize the initiative shortly, traders are likely to see a test of the $0.24 range within the next few days. Image by TradingView From the midterm point of view, one should focus on the nearest level of $0.2380. As there are no reversal signals yet, one may expect a drop to $0.23 soon. ADA is trading at $0.2458 at press time. About the author Denys Serhiichuk With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.Thus, his experience is backed up by working in top blockchain…
The post Cardano (ADA) Price Analysis for October 15 appeared on BitcoinEthereumNews.com.
Cover image via www.tradingview.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In the second half of the day, the cryptocurrency market is trading sideways, according to CoinStats. ADA chart by CoinStats ADA/USD The rate of Cardano (ADA) has fallen by 0.61% over the last 24 hours. Image by TradingView On the hourly chart, the price of Cardano (ADA) is trading near the local support level of $0.2453. If no bounce back happens until the end of the day, the breakout may lead to a blast to the $0.2440 area by tomorrow. Image by TradingView A similar situation is on the daily time frame. The rate of ADA is returning to the support level of $0.2447. If buyers cannot seize the initiative shortly, traders are likely to see a test of the $0.24 range within the next few days. Image by TradingView From the midterm point of view, one should focus on the nearest level of $0.2380. As there are no reversal signals yet, one may expect a drop to $0.23 soon. ADA is trading at $0.2458 at press time. About the author Denys Serhiichuk With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.Thus, his experience is backed up by working in top blockchain…
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