U.Today - Sellers are becoming more powerful at the end of the week, according to CoinMarketCap.
ADA/USD
The rate of Cardano (ADA) has dropped by 0.40% since yesterday. Over the last week, the price has risen by 12.69%.
On the hourly chart, the price of ADA is closer to the resistance level than to the support.
If a breakout of the upper line happens, the growth may continue to the $1.22-$1.23 range by tomorrow.
A similar picture is on the daily time frame. If the rate reaches the resistance of $1.2424 and the bar closes around it, the accumulated energy might be enough for a test of the $1.30 area soon.
From the midterm point of view, traders should pay attention to the weekly bar closure in terms of the $1.1542 level. If the candle closes above, bulls remain more powerful than bears.
ADA is trading at $1.2109 at press time.
This content was originally published on U.Today
