
Cardano (ADA) Price Analysis for July 18
The price analysis of Cardano (ADA) has revealed a 4.23% increase over the past day, according to CoinStats. The ADA chart indicates that despite this growth, it’s crucial to pay attention to the daily bar closure in respect to the $0.8796 resistance level.
Should the daily bar close below this level, bears may re-enter the market and lead to a drop to $0.8188, as per TradingView. However, from the midterm perspective, there are no reversal signals yet, confirming the strength of bulls. With this in mind, ongoing growth towards the $0.90 mark and beyond is seen as a more likely scenario.
As of press time, Cardano (ADA) is trading at $0.8494.
Source: u.today