According to CoinStats, sellers are exerting pressure on the cryptocurrency market. However, Cardano (ADA) has been the exception, experiencing a 2.03% increase. Despite this growth, the rate of ADA is still looking bullish, with the price near a local resistance level of $0.7387. If the daily bar closes around this mark, a breakout could lead to a test of the $0.76-$0.78 range. However, a less bullish outlook can be seen on the daily time frame, suggesting that buyers may need more time to gather energy for a further move. In this case, sideways trading between $0.66-$0.75 is more likely. From a midterm perspective, the price is far from key levels, indicating a low chance of increased volatility in the near future. Currently, ADA is trading at $0.7154.



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