The crypto market is trying to stay in the green zone, however, there are some exceptions, according to CoinStats.
ADA chart by CoinStats
ADA/USD
The price of Cardano (ADA) has fallen by 1.08% over the last 24 hours.
Image by TradingView
On the hourly chart, the rate of ADA has fixed below the local support of $0.8221.
You Might Also Like
If the daily bar closes far from that mark and with no long wick, traders may witness a further decline to the $0.81-$0.8150 range soon.
Image by TradingView
On the bigger time frame, sellers are also more powerful than buyers. If bulls lose the $0.821 mark, the accumulated energy might be enough for a test of the $0.75 zone. Such a scenario is relevant until the end of next week.
Image by TradingView
From the midterm point of view, there are no reversal signals yet. In this case, one should focus on the interim area of $0.80. If the weekly bar closes below it, the decline may continue to the $0.70 range.
ADA is trading at $0.8202 at press time.
