Cardano (ADA) Price Prediction for January 7
2025-01-07
Category: None

Sellers are becoming more powerful today, according to CoinStats.CoinStats">
ADAUSD
Cardano ADAUSD is an exception, rising by 1.27% over the last day.TradingView">
On the hourly chart, the price of ADA is breaking the local support of $1.0810. If the daily bar closes below that mark, there is a chance of a test of the $1.04 zone by tomorrow.TradingView">
On the bigger time frame, the rate of ADA is declining after a false breakout of the resistance of $1.1332. If the bar closes below the $1.0565 level, the accumulated energy might be enough for a drop to the $1 area soon.TradingView">
On the weekly chart, buyers have failed to maintain the growth after the bullish candle closure.
If the bar closes far from the $1.10 zone, one can expect a test of the $0.95 area shortly.
ADA is trading at $1.0419 at press time.