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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.
Best coins from CoinMarketCap
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%.
ADA / USD Chart by TradingView
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.
ADA / USD Chart by TradingView
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.
ADA / USD Chart by TradingView
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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