Cardano (ADA) Price Prediction for May 9

By: cryptonews|2025/05/10 03:15:06

The market keeps rising today, according to CoinMarketCap. ADA/USD Cardano (ADA) is one of the biggest gainers today, rocketing by 8.24%. On the hourly chart, the rate of ADA is falling after a false breakout of the resistance of $0.7969. If the daily bar closes far from that level, the correction is likely to continue to the $0.76 mark. On the bigger time frame, the price of ADA has bounced off the resistance of $0.8176. If the candle closes around current prices, there is a chance to see a correction to the $0.75 zone soon. From the midterm point of view, one should focus on the weekly bar closure in terms of the $0.7786 level. If it happens around it or above, growth may lead to a test of the $0.85 area. ADA is trading at $0.7810 at press time.

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