Most of the coins are in the red zone today, according to CoinStats.CoinStats”>
The rate of Cardano ADAUSD has fallen by 5.33% over the last day.TradingView”>
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.
As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow.TradingView”>
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.TradingView”>
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.
