Cardano

bullish

Read

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Most of the coins might need some time to accumulate energy for a further move, according to <a href="https://u.today/xrp-price-prediction-for-november-6" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1461.png" data-entity-uuid="de65313c-42c5-4a8b-897e-70fcefa18dff" data-entity-type="file" data-caption="Top coins by<a href=&quot;https://coinmarketcap.com/&quot;> CoinMarketCap</a>">
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The rate of Cardano (ADA) keeps rising, going up by 3.40% since yesterday. <img src="https://u.today/sites/default/files/inline-images/ada1_130.png" data-entity-uuid="3f266433-1182-4207-b730-415a67eef05c" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
Despite today's growth, the price of ADA remains bullish on the hourly chart. If the upward move continues to the resistance, one can expect a breakout, followed by a move to the $0.38 zone. <img src="https://u.today/sites/default/files/inline-images/ada2_127.png" data-entity-uuid="f73e892d-e9a4-4ed2-ab4d-a0f0dd463ebf" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
On the bigger time frame, the picture is also bullish. If buyers can hold the gained initiative, traders may witness a test of the resistance level of $0.3860 by the end of the week. <img src="https://u.today/sites/default/files/inline-images/ada3_114.png" data-entity-uuid="1d7c33a2-f71d-49f4-b646-2557c875e158" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
From the midterm point of view, the rate of ADA is far from key levels.
However, if the weekly candle closes around the current prices, the accumulated energy might be enough for a test of the $0.4158 level soon.
ADA is trading at $0.3739 at press time. <a href="https://u.today/cardano-ada-price-prediction-for-november-7" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Cardano (ADA) Price Prediction for November 7

Table of Contents

U_Today

Other articles published on Nov 7, 2024

Bitcoin Price Rally Is Not Over Yet! Experts Predict $150K by 2025

Lido DAO (LDO) Bullish Streak Likely to Continue if $1.24 Holds

Bitcoin ETFs Surge with Record Inflows as Price Nears All-Time High

Bitcoin Price Surge Expected in 2025: Veteran Trader Peter Brandt Projects $130k to $150k

Sui Recognizes Sports Fans Through Strategic Partnership with Fan Engagement Platform Trace

U.S. Senator Lummis Proposes $200 Billion Bitcoin Reserve—Can It Rival Gold?

Join our free newsletter for daily crypto updates!