The rate of Cardano (ADA) has decreased by 2.51% and bulls have been unable to take control. On the hourly chart, there was a false breakout of a local resistance level, indicating a potential further decline to the $0.71 range. On a larger time frame, the rate of ADA is far from key levels and focus should be on the nearest area of $0.70. If a breakout occurs, there may be a more significant drop to the $0.65 range. In the midterm, neither side is dominating as the price is distant from key levels. If the weekly bar closes around current prices, sideways trading between $0.65 and $0.75 may be expected. ADA is currently trading at $0.7281.



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