Cardano (ADA) Price Analysis for February 23 - BitcoinEthereumNews.com
Even though the day started with a slight fall, most of the coins managed to come back to the green zone.ADA/USDCardano (ADA) has followed the rise of Bitcoin (BTC), going up by almost 1%.On the hourly chart,...

Even though the day started with a slight fall, most of the coins managed to come back to the green zone.
ADA/USD
Cardano (ADA) has followed the rise of Bitcoin (BTC), going up by almost 1%.
On the hourly chart, the price of Cardano (ADA) has found the local support level at $0.3830. Currently, one should pay attention to the $0.39 zone as closure above it could be a prerequisite for further growth to the resistance at $0.3949.
On the longer time frame, the situation is not as positive, as the rate keeps trading near the support at $0.3819. If buyers want to keep midterm growth going, they need to restore the price of ADA above the $0.40 zone.
Only in that case, there is a chance of seeing a test of the resistance at $0.42.
Analyzing the daily chart of Cardano (ADA) against Bitcoin (BTC), bears remain more powerful than bulls, as the rate keeps falling after a failed attempt to fix above the 0.000017 zone. In this regard, the more likely scenario is a continued drop to the support at 0.00001548.
ADA is trading at $0.3904 at press time.
Source: https://u.today/cardano-ada-price-analysis-for-february-23
Post navigation
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