Cardano (ADA) is on its way to see the next move in the market. The cryptocurrency's price has been recovering since the beginning of April and is currently trading near the resistance of $0.3689. It is possible that ADA could break through this resistance in the near future and reach the $0.37-$0.3720 zone. Currently, the market is stable with minimal decline which has resulted in a decrease in volume.

On the daily time frame, Cardano is still in a period of consolidation. The rate is in the middle of a wide channel and this may be a sign of further strengthening or difficulty to start the trend. The candle has been close at $0.36 and is higher than the $0.37 mark, suggesting that the buyers might regain the upper hand.

In the midterm, ADA is trading sideways and continues to accumulate energy for a further move. Buyers are now more powerful than sellers, as the resistance has been near the support of $0.3627. Despite the low volume, the digital asset might soon have a chance to have a positive price situation if it manages to break through the set $0.3689 resistance.

All in all, Cardano is currently trading around the $0.3670 mark and is showing many signs that further growth is expected. Although the digital asset is still in a consolidation phase, its low volume suggests that the price of ADA may make a movement soon. As such, investors should be alert and pay close attention to the ADA rate and its movement in the market to make better decisions in the future.



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