Buyers remain stronger than sellers in the middle of the week,
ADA/USD
The price of Cardano has risen (
) with an increase of 2.23% over the past twenty-four hours.
On the hourly chart, the price may have recorded local resistance at $0.599. If buyers can maintain their upward momentum and the daily bar closes near the upper level, a breakout can be expected, followed by another rise to the $0.61 area.
On the larger time frame, the price of ADA is rising after yesterday's bullish close. If the bar closes near its peak and without a long wick, traders may expect to test the resistance level of $0.6117 by the end of the week.
From a medium-term perspective, the price of ADA is far from key levels. In this case, attention should be paid to the closing of the column in terms of the highest price of the previous candle.
If the price approaches $0.61, the accumulated momentum may be enough to test the range of $0.65.
ADA is trading at $0.5973 at the time of publication.