Logo
Cardano Ecosystem

BitcoinEthereumNews

01/02/2023

·

661 views


Cardano (ADA) Price Analysis for December 31 - BitcoinEthereumNews.com

The majority of the coins from the top 10 list have a chance to close in the red zone on the last day of 2022.ADA/USDCardano (ADA) has gained the most value today, rising by 2.11% over the last 24 hours.On...

Cardano (ADA) Price Analysis for December 31 - BitcoinEthereumNews.com

The majority of the coins from the top 10 list have a chance to close in the red zone on the last day of 2022.

Top 10 coins by CoinMarketCap

ADA/USD

Cardano (ADA) has gained the most value today, rising by 2.11% over the last 24 hours.

ADA/USD chart by TradingView

On the hourly chart, the price of Cardano (ADA) has broken the resistance at $0.2459 against the increased buying volume, which means that bulls want to seize the initiative.

Currently, one should pay attention to the $0.25 mark. If the bar closes near it, the growth could continue to the $0.2530 zone.

ADA/USD chart by TradingView

On the bigger chart, Cardano (ADA) is trying to break the resistance at $0.2478, which serves as the mirror level. If the candle closes above that mark with no long wicks, the bullish move could continue to the $0.2520-$0.2540 zone soon.

ADA/USD chart by TradingView

On the weekly chart, traders should focus on the previous candle low at $0.2465. If the bar closes above it, one could see an ongoing correction to the nearest resistance zone at $0.2550. Such a scenario is relevant until mid-January.

ADA is trading at $0.2485 at press time.

Source: https://u.today/cardano-ada-price-analysis-for-december-31

Post navigation

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on BitcoinEthereumNews

ORIGINAL SOURCE

https://bitcoinethereumnews.com/technolo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from BitcoinEthereumNews

See more
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com
BitcoinEthereumNews
Cardano (ADA), Solana (SOL), and TMS Network (TMSN) Offer Exciting Opportunities for Crypto Investors in Q3 2023 – Cryptopolitan - BitcoinEthereumNews.com

03/15/2023

·

1.7K views

Related News

See more
Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)