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The market is again mostly green, according to CoinStats.
ADA/USD
The rate of Cardano (ADA) has dropped by 3.87% since yesterday.
On the hourly chart, the price of ADA is trading near its local support level of $0.3396. If nothing changes by the end of the day, there is a chance to see a further correction to the $0.3350 zone soon.
On the daily time frame, the rate is falling after yesterday’s bearish closure.Â
Related
If the daily candle closes below $0.3423 and with no long wick, the drop may continue to the $0.33-$0.3350 range.
Sellers are also more powerful than buyers on the weekly chart. If bulls cannot seize the initiative soon, one can expect a support breakout, followed by a decline to the $0.32 area.
ADA is trading at $0.3426 at press time.
