According to CoinMarketCap, buyers will return to the market by the end of the week.
ADA/US dollar
Cardano (ADA) price has risen by 1.6% in the last 24 hours.
On the hourly chart, ADA price could find a local resistance level of $0.3652. If the daily bar closes near it, there is a chance to see a breakout followed by a continued rise to the $0.37 zone.
ADA is rising after a false breakout of the $0.3419 support level. If the bar closes near its peak, the upward movement could continue to the $0.38 range by the end of the week.
From a medium-term perspective, buyers are not ready to continue the growth. This statement is confirmed by the falling volume.
Bulls can start thinking about further growth only if they restore the ADA rate above the $0.40 zone.
At the time of publication, ADA shares are trading at $0.3643.
