Most of the coins are in the red zone today, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has fallen by 5.33% over the last day.
On the hourly chart, the price of ADA is in the middle of the narrow channel, between the support of $0.7741 and the resistance of $0.8174.
You Might Also Like
As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.
On the bigger time frame, the rate of ADA has made a false breakout of the support of $0.7813. However, traders are unlikely to witness sharp ups or downs soon, as neither bulls nor bears have accumulated enough energy yet.
From the midterm point of view, one should focus on the weekly candle’s closure in terms of the $0.8466 level. If it happens around it or above, the growth may continue to the $0.90 mark.
ADA is trading at $0.8017 at press time.
