According to CoinStats, the long-term outlook for Cardano (ADA) is not favorable for bulls. ADA has experienced a 6% decrease in value, and the price is currently within a local channel between $0.7931 and $0.8392. If the price cannot rise above the interim mark of $0.82, a decline to the $0.80 range is expected. On a larger time frame, the overall picture is more bearish than bullish, and if the $0.80 area is broken, there may be a test of the $0.7576 support level. From a midterm perspective, buyers have been unsuccessful in maintaining the rise, and if the weekly candle closes around current levels or lower, a correction to the $0.60 area is likely. At the time of writing, ADA is trading at $0.8173.



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