Most coins keep rising at the end of the week, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has fallen by 0.33% over the last day.
On the hourly chart, the rate of ADA is falling after a false breakout of the local resistance of $0.7152. If the decline continues, traders may witness a test of the $0.70 zone soon.
On the bigger time frame, one should focus on the level of $0.6963. If its breakout happens, one can expect a dump to the $0.66-$0.68 area soon.
From the midterm point of view, the price of ADA is within the previous bar, which means none of the sides has enough energy for a sharp move.
Related
In this case, ongoing consolidation in the narrow range of $0.65-$0.75 is the most likely scenario.
ADA is trading at $0.7096 at press time.
