The market is bullish at the end of the week, $ADA
#ADAUSDT
The price of Cardano ($ADA ) has increased by approximately 1% since yesterday.
On the hourly chart, the price is trending $ADA
Towards the local resistance at $0.6071. If the situation does not change, a test of resistance may occur by tomorrow.
On the larger time frame, the price #ADA has had a false breakout of the resistance level at $0.5880. However, there is little chance of seeing a sharp rebound as enough energy has not yet been accumulated.
In this case, sideways trading in the range of $0.60-$0.62 is the most likely scenario.
From a medium-term perspective, focus should be on closing the weekly candle in relation to the $0.5946 level. If it moves away from this, there is a chance to see a local correction to the $0.64 mark.
ADA is trading at $0.6028 at the time of writing this report.