According to CoinMarketCap, the prices of most coins remain in the green zone.
ADA/US dollar
The Cardano (ADA) rate has increased by 0.4% over the past 24 hours.
On the hourly chart, the ADA price could find a local resistance level of $0.3444. If the daily bar closes far from it, then tomorrow the decline could continue to the support of $0.3374.
On a longer time frame, the picture is more positive. If the daily candle breaks through the $0.3458 level and consolidates above it, the accumulated energy may be enough for growth to the $0.36-$0.37 range.
From a medium-term perspective, it is too early to make any long-term forecasts.
However, if the weekly bar closes far from its peak, traders are unlikely to see a continuation of the upward movement.
At the time of publication, ADA shares are trading at $0.3423.
