The End of the Week is Bullish for Most Coins

According to CoinStats, the end of the week has been positive for many cryptocurrencies.

ADA/USD

The price of Cardano (ADA) has increased by 2.48% in the last 24 hours.

On the hourly chart, ADA has broken through the local resistance of $0.6761. However, since most of the ATR has been surpassed, significant price moves are not expected by day’s end.

On a larger time frame, ADA is headed towards the resistance level of $0.8309. If a breakout occurs and the bar closes without a long wick, a breakout could be anticipated, followed by a test in the $0.85-$0.90 range.

From a midterm perspective, the price is challenging the critical level of $0.8309.

If buyers maintain their momentum, the price may continue to rise to $0.90.

ADA is currently trading at $0.8438.