According to CoinMarketCap, the weekend started with bull dominance.
ADA/USD
The Cardano (ADA) price has increased by 0.66% over the past 24 hours.
On the hourly chart, the price of ADA is trading near local resistance at $0.3575. If buyers are able to maintain the momentum gained, a breakout could soon lead to a test of the $0.36 zone.
On a larger timeframe, you should pay attention to the closing of the bar at $0.3617. If this happens near or above it, the accumulated energy could be enough to rise to the $0.39-$0.40 range by the end of the month.
From a medium-term perspective, the weekly bar is approaching a bullish close. However, a quick reversal is unlikely due to the lack of bullish energy.
This statement is confirmed by the falling volume. In this regard, a more likely scenario is continued consolidation in the $0.34-$0.38 area.
At the time of publication, ADA is trading at $0.3573.
