The sellers’ pressure continues on the cryptocurrency market, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has gone down by 4.24% since yesterday.
Today, ADA‘s price took a dip, but it remains in the midst of its current price range. Neither buyers nor sellers have taken control yet, so it’s expected that the coin will continue to trade sideways around $0.57 for the time being.
On the daily time frame, the price of ADA has made a false breakout of the support of $0.5588.
If the bar closes far from this mark, the growth may continue to $0.58 soon.
The outlook on the weekly chart is less favorable now. The price has retreated to the support point of $0.5588. If the upcoming candle ends near current prices, there’s a risk of a larger decline toward the $0.53 area.
ADA is trading at $0.5739 at press time.
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2024-04-10 19:27