Cardano has seen little change in its price since yesterday. On the hourly chart, ADA appears to have met a local resistance around $0.3590. At the time of writing, ADA trades near $0.3569.
Looking at a broader timeframe, traders should pay attention to yesterday’s candle peak when assessing momentum. There are currently no reversal signals from a midterm perspective.
If buyers can sustain the initiative and the daily close stays near the resistance, ADA could push toward the $0.36 zone and beyond. However, a weekly close far from the $0.3466 support could open a path toward the $0.38–$0.40 area.
Leave a Reply