Cardano (ADA) Price Prediction for May 9
WikiBit 2025-05-10 18:39
The market keeps rising today, according to CoinMarketCap. Top coins by CoinMarketCap ADA/USDCardano (ADA) is one of the biggest gainers today, rocketing
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Cardano (ADA) Price Prediction for May 9
The market keeps rising today, according to CoinMarketCap.
Top coins by CoinMarketCap ADA/USD
Cardano (ADA) is one of the biggest gainers today, rocketing by 8.24%.
Image by TradingView
On the hourly chart, the rate of ADA is falling after a false breakout of the resistance of $0.7969. If the daily bar closes far from that level, the correction is likely to continue to the $0.76 mark.
Image by TradingView
On the bigger time frame, the price of ADA has bounced off the resistance of $0.8176.
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If the candle closes around current prices, there is a chance to see a correction to the $0.75 zone soon.
Image by TradingView
From the midterm point of view, one should focus on the weekly bar closure in terms of the $0.7786 level. If it happens around it or above, growth may lead to a test of the $0.85 area.
ADA is trading at $0.7810 at press time.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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