The last day of the weekend is much more bearish than bullish for the cryptocurrency market, as most of the top ten currencies are in the red zone.
CoinMarketCap main currencies
ADA / USD
Cardano (ADA) is the only winner on the list, which has risen 4% since yesterday, while last week’s price change has risen + 21.48%.
TradingView ADA / USD Chart
On the hourly chart, the decline may have ended by today, as the bulls show strength around $ 2.55. Thus, the trading volume of sales is low, which confirms the weakness of the bears.
In that case, a $ 2.60 resistance recovery could be expected at the end of the day.
TradingView ADA / USD Chart
On the bigger chart, there is a high chance of seeing a test of yesterday’s high at $ 2.52 before growth continues. This move should be seen as gaining power for a continuous rise in prices.
TradingView ADA / USD Chart
In the weekly period, the fall may be deeper. If a decrease occurs, Cardano (ADA) may test the previous peak at $ 2.47, followed by a rebound.
ADA is trading at $ 2.57 at press time.