Cardano (ADA) Price Prediction for April 10

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Written By Maya Cantina

Wed, 10/04/2024 – 16:17

Cover image via www.tradingview.com

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The sellers’ pressure continues on the cryptocurrency market, according to CoinStats.

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ADA chart by CoinStats

ADA/USD

The price of Cardano (ADA) has gone down by 4.24% since yesterday.

Image by TradingView

Despite today’s fall, the price of ADA is in the middle of the local channel. As none of the sides has seized the initiative yet, the ongoing sideways trading around $0.57 is the more likely scenario until tomorrow.

Image by TradingView

On the daily time frame, the price of ADA has made a false breakout of the support of $0.5588. 

If the bar closes far from this mark, the growth may continue to $0.58 soon.

Image by TradingView

On the weekly chart, the picture is less positive. The price has come back to the support level of $0.5588. If the candle closes around the current prices, the breakout may lead to a more profound drop to the $0.53 zone.

ADA is trading at $0.5739 at press time.

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