The last day of the week is generally more bullish than bearish, though exceptions exist, according to CoinMarketCap.
ADA/USD
Cardano (ADA) has maintained the same rate since yesterday, with a weekly price change of -9.22%.
On the hourly chart, ADA’s price appears bearish. If local support breaks, a fall to the $0.72 area is likely by tomorrow.
On a larger time frame, the picture is less clear. It’s important to focus on the candle’s closure around yesterday’s low.
If it closes below $0.73, a test of the $0.70-$0.71 range could occur in the coming days.
From a midterm perspective, neither side has gained the upper hand. If conditions don’t change, sideways trading around current prices is the most probable outcome.
Currently, ADA is trading at $0.7364.
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