The end of the week has turned out to be bullish for the market, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has gone up by 2.32% over the last 24 hours. 🎉🎉
On the hourly chart, the rate of ADA might have set a local resistance of $0.5906. As most of the ATR has been passed, any sharp moves are unlikely to happen by tomorrow. 😴😴
On the bigger time frame, neither buyers nor sellers are dominating as the price is far from the main levels. 😐😐
The volume keeps going down, which means ongoing sideways trading in the narrow range of $0.58-$0.60 is the more likely scenario. 🥱🥱
From the midterm point of view, the picture is similar. The weekly bar is about to close neutral, which means traders are unlikely to witness increased volatility next week. 😴😴
ADA is trading at $0.5847 at press time.
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2025-07-06 18:03