Cardano (ADA) Price Prediction for November 23
WikiBit 2024-11-23 20:39
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Cardano (ADA) Price Prediction for November 23
The beginning of the weekend has turned out to be bullish for most of the cryptocurrencies, according to CoinStats.
Top coins by CoinStatsADA/USD
The rate of Cardano (ADA) has rocketed by 25.69% since yesterday.
Image by TradingView
On the hourly chart, the price of ADA in the middle of the local channel. As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day.
Image by TradingView
On the bigger time frame, the rate of ADA is far from the key levels. In this case, one should pay attention to the bar closure in terms of its peak.
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If it happens around $1.15, the growth may continue tomorrow.
Image by TradingView
From the midterm point of view, there are no reversal signals yet. Respectively, the growth may lead to a test of the $1.20-$1.30 range if the weekly bar closes near $1.10.
ADA is trading at $1.0686 at press time.
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