The post Cardano (ADA) Price Analysis for July 17 appeared on BitcoinEthereumNews.com.

The majority of the cryptocurrencies keep setting new local peaks, according to CoinStats. ADA chart by CoinStats ADA/USD The price of Cardano (ADA) has risen by 6.55% over the last 24 hours. Image by TradingView On the hourly chart, the rate of ADA is near the local resistance of $0.8254. As most of the ATR has passed, there are low chances of seeing sharp moves by tomorrow.  You Might Also Like However, if the daily bar closes near the mentioned mark, one may expect a test of the $0.85 zone shortly. Image by TradingView On the longer time frame, the price is on its way to the resistance of $0.8466. However, buyers might need time to accumulate energy for a breakout. Thus, the volume has dropped, which means sideways trading in the range of $0.78-$0.82 is the most likely scenario until the end of the week. Image by TradingView A similar picture can be seen on the weekly chart. Traders should pay attention to the $0.8466 resistance. If the bar closes above it with no long wick, an ongoing upward move to the $0.90 mark is the most likely scenario. ADA is trading at $0.8038 at press time. Source: https://u.today/cardano-ada-price-analysis-for-july-17

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Filed under: News - @ July 18, 2025 10:30 am