Bulls are back in the game on the last day of the week, according to CoinMarketCap's ranking.
$ADA/USD
The price of Cardano ($ADA) has risen by 0.74% over the last 24 hours.
Cardano (ADA) Price Analysis for March 26
u.today
26 March 2023 14:55, UTC
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$ADA/USD chart by TradingView " src="https://cnews24.ru/uploads/0b5/0b5dde87488ee5aeebd2e2cf98de5bbc5e8a2542.png" size="1818x853">
On the hourly chart, the rate of Cardano ($ADA) is near the local resistance at $0.3594. If buyers can hold the gained initiative until the end of the day, the growth may lead to a test of the $0.3640 zone shortly.
$ADA/USD chart by TradingView " src="https://cnews24.ru/uploads/514/514be2734624eb75388862da19a22e51fe965908.png" size="1818x853">
On the bigger time frame, the situation is less obvious. The price has once again made a false breakout of the support at $0.3489. If the bar closes with no long wicks, the upward move may continue to the middle of the channel, around the $0.37 zone.
$ADA/USD chart by TradingView " src="https://cnews24.ru/uploads/b0a/b0ad271c3f8bfd6aa6ab133904837bbc003f3b08.png" size="1818x796">
On the weekly chart, ongoing sideways trading is the more likely scenario for Cardano ($ADA) as the price is located far from the key levels. In this case, traders might see $ADA in the area of $0.35-$0.37 until mid-April.
$ADA is trading at $0.3588 at press time.