Logo
Cardano Ecosystem

Elevenews

05/07/2023

·

352 views


Cardano (ADA) Price Analysis for May 7 - ELEVENEWS

Bears have become more active on the last day of the week as most of the coins have returned to the red area. ADA/USD The rate of Cardano (ADA) has declined by 2.13% over the last 24 hours. Image by...

Cardano (ADA) Price Analysis for May 7 - ELEVENEWS

Bears have become more active on the last day of the week as most of the coins have returned to the red area.

ADA/USD The rate of Cardano (ADA) has declined by 2.13% over the last 24 hours. Image by TradingView On the hourly chart, the price of Cardano (ADA) is on the way to the local resistance at $0.3826. If the growth continues, the breakout may lead to a test of the $0.39 area tomorrow. Image by TradingView The opposite situation is on the daily time frame. Buyers are trying to keep the rate above the $0.38 mark despite sellers’ pressure. If bulls fail to do that, the decline can continue to $0.37.

ADA/USD The rate of Cardano (ADA) has declined by 2.13% over the last 24 hours. Image by TradingView On the hourly chart, the price of Cardano (ADA) is on the way to the local resistance at $0.3826. If the growth continues, the breakout may lead to a test of the $0.39 area tomorrow. Image by TradingView The opposite situation is on the daily time frame. Buyers are trying to keep the rate above the $0.38 mark despite sellers’ pressure. If bulls fail to do that, the decline can continue to $0.37.

News Source

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 Elevenews

ORIGINAL SOURCE

https://elevenews.com/2023/05/07/cardano...

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 Elevenews

See more
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS
Elevenews
Solana vs Cardano: Which Ethereum Competitor Will Prevail? - ELEVENEWS

11/07/2023

·

772 views

Related News

See more
Banner-Tech-Summit-Rio

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)