According to CoinStats, sellers in the crypto market are gaining more power, with most cryptocurrencies experiencing a decline. However, Cardano (ADA) is an exception, as its price has risen by 1.27% in the last day. On the hourly chart, ADA's price is breaking a local support level, which could potentially lead to a test of the $1.04 zone by tomorrow if the daily bar closes below that mark. On a larger time frame, ADA's rate is declining after a false breakout of the $1.1332 resistance level. If the bar closes below the $1.0565 level, there is the possibility of a drop to the $1 area. On the weekly chart, buyers have been unable to sustain growth after a bullish candle closure. If the bar closes far from the $1.10 zone, there could be a test of the $0.95 area soon. Currently, ADA is trading at $1.0419.



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