Cardano consolidated after the coin attempted to rise on the one day chart. Bitcoin extended losses so broader market continued to flash signs of weakness. The one day chart displays mixed signals which could also mean that the coin might be attempting to head north.
Over the last 24 hours, ADA gained just 1% as it was primarily consolidating. In the last week, the coin substantially gained over 22%. Buyers in the market also attempted to display strength as the coin saw bullish presence over the past week.
If buyers continue to remain in the market then ADA might push and trade near immediate resistance of $0.60. The price of ADA might fluctuate if sellers regain strength which could make the bears take over the market.
Cardano Price Analysis: One Day Chart
Cardano was priced at $0.54 on the one day chart | Source: ADAUSD on TradingView
ADA was trading at $0.54 at the time of writing. After soaring by almost 22% over the last week the coin registered mundane price action. Its immediate support line ..
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