Cardano (ADA) Price Analysis for November 9
The post Cardano (ADA) Price Analysis for November 9 appeared on BitcoinEthereumNews.com. The cryptocurrency market might have found the local bottom, as the rates of most of them are going down. ADA/USD Cardano (ADA) is not an exception to the rule,...

The cryptocurrency market might have found the local bottom, as the rates of most of them are going down.
ADA/USD
Cardano (ADA) is not an exception to the rule, falling by 7.64% over the last 24 hours.
Despite the growth, Cardano (ADA) has bounced off the local support level at $0.3481, which means that buyers might seize the initiative. If the rate reaches the $0.37 mark, the breakout of the resistance at $0.3749 might happen soon.
On the daily chart, Cardano (ADA) has made a false breakout of yesterday’s low at $0.3463. However, if the daily candle closes near the $0.35 mark, one can expect a further downward move to the next zone at $0.34.
On the bigger chart, Cardano (ADA) has approached the support level at $0.3490.
If buyers cannot restore the price by the end of the week, traders might see a sharp drop, as the energy for that has been accumulated.
ADA is trading at $0.3556 at press time.
Source: https://u.today/cardano-ada-price-analysis-for-november-9
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