Cardano (ADA) demonstrates positive dynamics, increasing by 4.45% over the last day. Price growth may continue if key levels are maintained.
Current Price Metrics of Cardano (ADA)
Currently, the price of Cardano stands at $0.7985. In the last hour, the ADA rate recorded a false breakout at the local resistance level of $0.8038.
Price Growth Predictions
If the daily candle closes around $0.8038, a level breakout is expected, followed by further growth to the $0.82 range. In the long term, if bulls maintain the initiative and keep the rate above $0.80, growth to $0.85 is possible.
Trading Recommendations for Traders
From a mid-term perspective, traders should focus on candle closure at the $0.8955 level. If growth continues, accumulated energy could lead to a breakout and ongoing rise to the $0.90-$1 range.
Cardano continues to show positive dynamics, and given the current price levels, traders are advised to monitor for adherence to key levels for assessing future trading strategies.
