CandleFocus

Cardano (ADA) Price Prediction for November 28

According to CoinStats, most coins in the cryptocurrency market have returned to the green zone. However, the rate of Cardano (ADA) has fallen by almost 1% since yesterday. On the hourly chart, the price of ADA is rising after a false breakout of the support level of $0.9845. If the bulls can maintain their momentum, there is a possibility of testing the resistance level soon. On the daily time frame, ADA's rate is far from the support and resistance levels, and neither side has enough momentum to take control. Therefore, it is expected that ADA will continue to consolidate in the $0.95-$1.05 range until the end of the week. In the midterm, if the weekly candle closes around the current prices, traders may expect the ongoing sideways trading to continue around the $1 mark. Currently, ADA is trading at $0.9996.

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