U.Today - The rates of most of the coins remain in the green zone, according to CoinMarketCap.
Top coins by CoinMarketCap
ADA/USD
The rate of Cardano (ADA) has gone up by 0.4% over the last day.
On the hourly chart, the price of ADA might have found a local resistance level of $0.3444. If the daily bar closes far from it, the decline may continue to the support of $0.3374 tomorrow.
On the bigger time frame, the picture is more positive. If the daily candle breaks the $0.3458 level and fixes above it, the accumulated energy can be enough to rise to the $0.36-$0.37 range.
From the midterm point of view, it is too early to make any distant predictions.
However, if the weekly bar closes far from its peak, traders are unlikely to witness a continued upward move.
ADA is trading at $0.3423 at press time.
This content was originally published on U.Today
