According to CoinMarketCap, sellers are gaining more power in the cryptocurrency market at the end of the week. The price of Cardano (ADA) has dropped by 0.40% in the past day, but has risen by 12.69% over the last week. The current price of ADA is closer to the resistance level than the support on the hourly chart, suggesting the possibility of further growth towards the $1.22-$1.23 range. On the daily time frame, if the price reaches the resistance of $1.2424 and closes near it, there is potential for further upward movement towards the $1.30 area. Traders should also keep an eye on the weekly bar closure in relation to the $1.1542 level, as a close above would indicate that bulls are stronger than bears. Currently, ADA is trading at $1.2109.



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