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...
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.
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