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Buyers keep dominating on the market, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has gone up by 1.82% since yesterday.
On the hourly chart, the rate of ADA is coming back to the recently formed resistance level of $0.6448. If the daily candle closes near it or above, the upward move is likely to continue to the $0.65-$0.66 area.
On the daily time frame, the price is testing the interim resistance level of $0.6414. If the situation does not change until the end of the week, the accumulated energy might be enough for a breakout, followed by a blast to $0.66.
On the daily chart against BTC, the rate of Cardano (ADA) is looking bearish as the breakout of the 0.00001096 level happened. In this case, traders may expect a further downward move to the vital zone of 0.000010.
ADA is trading at $0.64 at press time.
Tomiwabold Olajide
Godfrey Benjamin
Gamza Khanzadaev
