Cardano

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Even though bulls keep controlling the situation on the market, the prices of some coins are falling today, according to <a href="https://u.today/doge-price-prediction-for-march-12">CoinMarketCap</a>.
<img data-entity-type="file" data-entity-uuid="e9e03a4c-148e-4cbc-a9a3-b16d875627e7" src="https://u.today/sites/default/files/inline-images/top10_990.png">Top coins by<a href="https://coinmarketcap.com/"> CoinMarketCap</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The price of Cardano (ADA) has increased by 0.23% over the last 24 hours.
<img data-entity-type="file" data-entity-uuid="6a8d1c32-ce17-4869-95ab-1b789dcfef8a" src="https://u.today/sites/default/files/inline-images/ada1_106.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
Despite today's rise, the rate of ADA is looking bearish on the hourly chart. At the moment, it is testing the local support level of $0.7390. If the daily bar closes near it or below, the drop may continue to $0.73 tomorrow.
<img data-entity-type="file" data-entity-uuid="c5205aab-88fb-4702-93d7-d4b45b59a0e7" src="https://u.today/sites/default/files/inline-images/ada2_103.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
On the bigger time frame, the picture is not so clear yet as the price is far from the support and resistance levels. As none of the sides has seized the initiative yet, sideways trading in the area of <a href="https://u.today/ada-and-bnb-price-prediction-for-march-11">$0.73-$0.76</a> is the more likely scenario until the end of the week.
<img data-entity-type="file" data-entity-uuid="ff3dd773-b968-4911-8758-2a196b878424" src="https://u.today/sites/default/files/inline-images/ada3_93.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a>
From the midterm point of view, the rate of ADA has once again bounced off the level of $0.7638, which means that the coin might need more time to accumulate energy for a further move. In this case, traders might expect consolidation around the $0.75 area.
ADA is trading at $0.7412 at press time.

Cardano (ADA) Price Prediction for March 13

Table of Contents

U_Today

Other articles published on Mar 13, 2024

Expert Cautions as Bitcoin ETF Investments Soar

Cardano Whales Accumulate Heavily: ADA Price Appears to be Programmed to Hit $1 Soon

Welcome to Linea Park: Revolutionizing Web3 Gaming and Social Dapps

Binance faces Nigeria demand for top user data amid regulatory tensions

DeeStream (DST) and Polkadot (DOT) Gaining Investment: Streaming Landscape Predicted to Reach Unp...

Dubai’s Financial center launches the World’s first digital assets law

Join our free newsletter for daily crypto updates!