Is rate of Cardano (ADA) ready to rise soon?
On the hourly chart, the price of Cardano is on its way to the local support level of $0.2551. If buyers cannot seize the initiative now, closure near the mentioned mark may lead to a more profound drop to the $0.2540 zone tomorrow.
A less clear picture is can be seen on the bigger time frame as the price keeps trading sideways, gaining energy for a further sharp move. In this case, ongoing consolidation in the area of $0.2540-$0.26 is the more likely scenario until the end of the week.
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