How long can ADA keep rising faster than BTC? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
On the hourly chart, Cardano is about to break the recently formed support level at $0.5071. If bears fix the rate below it, the fall may continue and lead to the test of theOn the daily time frame, the situation is neither bullish nor bearish as Cardano is located far away from its vital levels. Bulls may continue the rise only when the altcoin fixes above the $0.52 mark.
Sideways trading remains the most likely scenario on the daily chart as well. The absence of buyers and sellers is also confirmed by low volumes. At the moment, one needs to pay attention to the nearest resistance level at $0.5472. If a breakout occurs, bulls might seize the midterm initiative.
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