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The last day of the weekend is more bearish than bullish for the cryptocurrency market as the majority of the top 10 coins are in the red zone.
ADA / USD
Cardano (ADA) is the only winner on the list, up 4% from yesterday, while the price change over the past week is up + 21.48%.
On the hourly chart, the decline may be over for today as the bulls show strength at around $ 2.55. Thus, the volume of sell trading is declining, confirming the weakness of the bears.
In this case, one would expect a rebound towards the resistance of $ 2.60 by the end of the day.
On the larger chart, there is a strong possibility of seeing a test of yesterday’s high at $ 2.52 before further growth continues. Such a move should be seen as gaining power for a continuous rise in prices.
On the weekly calendar, the drop may be deeper. If a decline occurs, Cardano (ADA) may test the previous peak at $ 2.47, followed by a rebound.
ADA is trading at $ 2.57 at time of publication.
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