According to CoinMarketCap, most coins may take some time to accumulate energy to move forward.
ADA/USD
The Cardano (ADA) price continues to rise, up 3.40% since yesterday.
Despite today’s gains, ADA price remains bullish on the hourly chart. If the move up towards resistance continues, a breakout could be expected followed by a move towards the $0.38 zone.
Over a longer time frame, the picture is also optimistic. If buyers are able to maintain the resulting momentum, traders could witness a test of the $0.3860 resistance level by the end of the week.
In the medium term, the ADA rate is far from key levels.
However, if the weekly candle closes near current prices, the accumulated energy could be enough to test the $0.4158 level soon.
At the time of publication, ADA is trading at $0.3739.
