How bullish is ADA compared to other coins? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
On the local time frame, Cardano has found the local bottom at, followed by its false breakout. Thus, the rate has also broken the resistance at $0.3586, which means there is a high possibility of a further rise tomorrow if sellers do not seize the initiative.
From the technical point of view, Cardano is trading similarly to Ethereum as the bar is also about to close higher than yesterday's peak at $0.3766. In this regard, the correction may continue to $0.40, where buyers might face the first resistance. On the daily time frame against Bitcoin , Cardano might start to realize the accumulated energy if the candle fixes above the BTC 0.00002072 mark. All in all, it might be a prerequisite for a midterm rise to the closest resistance level at BTC 0.00002214.
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