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Does rate of Cardano (ADA) have cassino overenough strength for sharp move? Advertisement
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Most of the cryptocurrencies keep rising today, according to CoinStats.
AdvertisementTop coins by CoinStats ADA/USD
Unlike other coins, the rate of Cardano (ADA) has been going down by 0.33% over the last day.
Image by TradingView The price of ADA is approaching the local resistance of $0.6575. If it breaks out, one can expect a test of the $0.67 range soon.
Image by TradingView On the bigger time, one should focus on the daily bar's closure in terms of the $0.6675 level. If the candle closes above it, there is a chance to witness a price blast to the $0.70-$0.75 area shortly.
Image by TradingView From the midterm point of view, the rate of ADA is far from key levels. In this case, one should focus on the interim zone of $0.70.
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If the weekly bar closes above it and with no long wick, growth is likely to continue to the $0.75 mark.
ADA is trading at $0.6518 at press time.