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The end of the week has turned out to be bullish for most of the coins, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has risen by 2.48% over the past 24 hours.
On the hourly chart, the rate of ADA has broken the local resistance of $0.6761. However, most of the ATR has been passed, which means any sharp moves are unlikely to happen by the end of the day.
On the bigger time frame, the price of ADA is on the way to the resistance level of $0.8309. If a breakout happens and the bar closes with no long wick, one can expect a breakout, followed by a test of the $0.85-$0.90 area.
From the midterm point of view, the rate is breaking the important level of $0.8309.
Denys SerhiichukIf buyers can hold the gained initiative, the upward move may continue to the $0.90 mark.
ADA is trading at $0.8438 at press time.
Dan Burgin
Vladislav Sopov