The price of Cardano (ADA) has increased by 2.48% over the past 24 hours, according to CoinStats. The hourly chart shows that ADA has surpassed a local resistance level, but further significant movements are unlikely for the rest of the day. On a larger time frame, ADA is heading towards the resistance level of $0.8309. If a breakout occurs and the price closes without a long wick, a further breakout to the $0.85-$0.90 range is expected. In the midterm, ADA is breaking an important level of $0.8309, and if buyers can maintain their influence, the upward trend may continue towards the $0.90 mark. At present, ADA is trading at $0.8438.



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