Cardano (ADA) Price Prediction for November 11
2024-12-11
Category: None

The crypto market remains green today, according to CoinStats.CoinStats">
ADAUSD
Cardano ADAUSD is one of the biggest gainers today, rocketing by more than 8%.TradingView">
On the hourly chart, the price of ADA might have set a local resistance level of $1.0961. As part of the daily ATR has been passed, there are low chances to expect any sharp moves by tomorrow.TradingView">
On the bigger time frame, the rate of ADA keeps accumulating energy for a further move. As none of the sides has seized the initiative, ongoing sideways trading in the range of $1.00-$1.10 is the more likely scenario until the end of the week.TradingView">
On the weekly chart, the price is far from the main levels. In this regard, one should pay attention to the nearest vital zone of $1.00.
If the candle closes above it, one may witness consolidation in the range of $1.00-$1.30 until the end of the month.
ADA is trading at $1.0749 at press time.