Can ADA keep showing the same sharp rise? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
Cardano is the biggest gainer from the list today, rocketing by 9.25% over the last 24 hours.
On the hourly chart, the rate of Cardano after the false breakout of the local support level is at $0.3826. If bulls can hold the price above theOn the daily time frame, the price of Cardano has almost touched the recently formed resistance at $0.3957. At the moment, traders should pay attention to the candle closure. If it happens near that mark with no long wicks, the growth may continue to the crucial zone of $0.40 and even above.
Analyzing the daily chart against Bitcoin , the situation is less positive as the price once bounced off the resistance at 0.00001763. It means that buyers need more time to accumulate power for a further move. In this case, the ongoing consolidation in the range of 0.000017-0.00001750 is the more likely scenario until the end of the week.
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