Can price of Cardano (ADA) bounce back soon?

<div>Bulls have failed to maintain growth, and most of the coins have returned to the red zone, according to <a href="https://u.today/solana-sol-price-prediction-for-may-16" rel="nofollow">CoinMarketCap</a>. <figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/top10_1859.png"><figcaption>Top coins by <a rel="nofollow" href="https://coinmarketcap.com/">CoinMarketCap</a></figcaption></figure><h2>ADA/USD</h2>The price of Cardano (ADA) has declined by almost 4% over the last day.<figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/ada1_162.png"><figcaption>Image by <a rel="nofollow" href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a></figcaption></figure>On the hourly chart, the rate of ADA is on the way to the local support of $0.7353. If the decline continues, one can expect a test of the $0.73 range by tomorrow.<figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/ada2_159.png"><figcaption>Image by <a rel="nofollow" href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a></figcaption></figure>On the bigger time frame, the picture is similar. If a breakout of the $0.7445 level happens, traders may witness a test of the $0.70-$0.72 zone by the end of the week.<figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/ada3_145.png"><figcaption>Image by <a rel="nofollow" href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a></figcaption></figure>From the midterm point of view, the price of ADA is going down after a false breakout of the resistance of $0.8466.If bulls cannot seize the initiative shortly, there is a chance of a test of the $0.70 mark the upcoming week.ADA is trading at $0.7463 at press time.</div>

Cardano (ADA) Price Prediction for May 17

Cardano (ADA)的價格能很快反彈嗎？

<div>多頭未能維持增長，根據<a href="https://u.today/solana-sol-price-prediction-for-may-16" rel="nofollow">CoinMarketCap</a>，大多數幣種已回到紅色區域。 <figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/top10_1859.png"><figcaption>按<a rel="nofollow" href="https://coinmarketcap.com/">CoinMarketCap</a>排名的頂級幣種</figcaption></figure><h2>ADA/鎂</h2>Cardano（ADA）的價格在過去一天內下跌了近4%。<figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/ada1_162.png"><figcaption>圖片來自<a rel="nofollow" href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a></figcaption></figure>在小時圖上，ADA匯率正在走向區域性支撐位$0.7353。如果跌勢繼續，可以預期明天會測試$0.73區間。<figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/ada2_159.png"><figcaption>圖片來自<a rel="nofollow" href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a></figcaption></figure>在更大的時間框架內，情況相似。如果突破$0.7445水平，交易員可能會在本週末看到對$0.70-$0.72區間的測試。<figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/ada3_145.png"><figcaption>圖片來自<a rel="nofollow" href="https://www.tradingview.com/symbols/ADAUSDT">TradingView</a></figcaption></figure>從中期來看，ADA價格在虛假突破$0.8466阻力位後下跌。如果多頭不能很快抓住主動權，下週有可能測試$0.70關口。截至發稿時，ADA的交易價格為$0.7463。</div>

5月17日Cardano（ADA）價格預測

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