Bulls remain more powerful than bears on the last working day of the week, according to CoinMarketCap.
ADA/USD
The price of Cardano (ADA) has increased by 4.45% over the last 24 hours.
On the hourly chart, the rate of ADA has made a false breakout of the local resistance of $0.8038.
card
However, if the daily bar closes around that mark, one can expect a level breakout, followed by ongoing growth to the $0.82 range.
On the longer time frame, the price of the altcoin is rising after yesterday's bullish closure. If bulls can hold the gained initiative and keep the rate above $0.80, the upward move may continue to the $0.85 zone.
From the midterm point of view, traders should focus on the candle's closure in terms of the $0.8955 level. If growth continues to that mark, the accumulated energy might be enough for a breakout, followed by an ongoing rise to the $0.90-$1 range.
ADA is trading at $0.7985 at press time.
