Cardano (ADA) Price Analysis for March 9


Share post:

Denys Serhiichuk

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Neither bulls nor bears are dominating today, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap


The price of Cardano (ADA) is almost unchanged since yesterday.

ADA/USD chart by TradingView

On the hourly chart, the price of Cardano (ADA) 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.

ADA/USD chart by TradingView

On the daily time frame, the rate of Cardano (ADA) 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.

ADA/USD chart by TradingView

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.

ADA is trading at $0.3199 at press time.

Source link


Please enter your comment!
Please enter your name here


Related articles

Chef ChatGPT: Cooking a Recipe Made by AI

Joe Fedewa AI chatbots like ChatGPT have soared in popularity, but we’re still figuring out the...

Now is the time to build SaaS companies from India for the world: LogiNext’s Dhruvil Sanghvi

Sowmya Ramasubramanian ( ) Dhruvil Sanghvi, Founder and CEO of LogiNext, believes now is the ideal...

The Wind Down: Meditation Coach Leah Santa Cruz

Leah Santa Cruz 5:30 p.m.: It’s a Friday night and my family and I have early...

Pop Web3 Platform Adds Content Posting Feature to Beta Version

Vladislav Sopov Vladislav Sopov Pop, next-gen social networking platform with Web3 incentives, enhances its toolkit in new...