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The rates of most of the coins are falling today, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has declined by 6.04% over the last 24 hours.
Despite today's drop, the rate of ADA is looking bullish on the hourly chart. If the breakout of the local resistance of $0.9885 happens, growth may continue to the vital $1 area and above.
On the bigger time frame, buyers are trying to come back to the game after yesterday's decline. If the daily candle closes far from $0.9580, there is a chance to see a bounce back, followed by a test of the $1.05 zone soon.
From the midterm point of view, it is too early to make any predictions, as only a few days remain until the bar's closure.
Denys SerhiichukHowever, if the sellers' pressure continues and the rate reaches $0.90, traders may witness a test of the support of $0.8173 by the end of the month.
ADA is trading at $0.9847 at press time.
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