news 
**Cardano (ADA) Price Analysis for July 18**
The Cardano (ADA) market is currently exhibiting a strong upward trend, with the price rising by 4.23% over the past 24 hours. According to our analysis, there are no signs of reversal on the midterm time frame.
On the hourly chart, we can see that ADA has attempted to break through the local resistance level of $0.8796 but failed to close above it. A failure to do so may result in a decline to $0.8188 if bears regain control.
In terms of a longer timeframe, the situation is similar. As long as the daily bar does not close below this level, it is likely that we will see continued growth towards the $0.90 mark and beyond.
As things stand, ADA is currently trading at $0.8494.
**More related articles:**
* Michael Saylor Shares Bitcoin Strategy ‘Bullseye’ Verdict
* Bitcoin Never Below $100,000 Again: Jeremie Davinci
Source: u.today
