CandleFocus

Cardano (ADA) Price Prediction for November 7

Author: Content Editor
According to CoinMarketCap, most cryptocurrencies need more time to gather momentum for a potential upward move. The price of Cardano (ADA) has risen by 3.40% since yesterday and remains bullish on the hourly chart. If the upward trend continues, a breakout could occur, leading to a move towards the $0.38 zone. On a larger time frame, the outlook is also positive and if buyers can maintain their initiative, there may be a test of the $0.3860 resistance level by the end of the week. In the medium term, ADA still has some distance to go to reach significant levels, but if the weekly candle closes around current prices, there may be enough accumulated energy for a potential test of the $0.4158 level soon. Currently, ADA is trading at $0.3739.

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