The post Cardano (ADA) Price Analysis for November 14 appeared on BitcoinEthereumNews.com. The ongoing correction remains the most likely scenario for most of the coins, according to CoinStats. ADA chart by CoinStats ADA/USD Cardano (ADA) is one of the biggest losers today, falling by 9.3%. Image by TradingView On the hourly chart, the price of ADA might have set a local support at $0.4998. If the daily bar closes far from that mark, there is a chance to see a test of the resistance by tomorrow. Image by TradingView On the longer time frame, there are no reversal signals so far. In this case, one should focus on the nearest zone of $0.50.  You Might Also Like If the daily bar closes below it, the decline may continue to the $0.48 range. Such a scenario is relevant until the end of the week. Image by TradingView From the midterm point of view, the rate of ADA keeps going down after a false breakout of the resistance of $0.6884. If the weekly bar closes around the current prices or below, one can expect a test of the $0.4158 level soon. ADA is trading at $0.5128 at press time. Source: https://u.today/cardano-ada-price-analysis-for-november-14The post Cardano (ADA) Price Analysis for November 14 appeared on BitcoinEthereumNews.com. The ongoing correction remains the most likely scenario for most of the coins, according to CoinStats. ADA chart by CoinStats ADA/USD Cardano (ADA) is one of the biggest losers today, falling by 9.3%. Image by TradingView On the hourly chart, the price of ADA might have set a local support at $0.4998. If the daily bar closes far from that mark, there is a chance to see a test of the resistance by tomorrow. Image by TradingView On the longer time frame, there are no reversal signals so far. In this case, one should focus on the nearest zone of $0.50.  You Might Also Like If the daily bar closes below it, the decline may continue to the $0.48 range. Such a scenario is relevant until the end of the week. Image by TradingView From the midterm point of view, the rate of ADA keeps going down after a false breakout of the resistance of $0.6884. If the weekly bar closes around the current prices or below, one can expect a test of the $0.4158 level soon. ADA is trading at $0.5128 at press time. Source: https://u.today/cardano-ada-price-analysis-for-november-14