The Cardano (ADA) cryptocurrency has experienced a 2.12% decrease in value over the past 24 hours. On the hourly chart, ADA has reached a local support level of $0.3745, indicating a potential breakout and a further decline to the $0.37 range. If sellers continue to exert pressure, there could be a significant drop to the $0.36-$0.3650 area by the end of the week. In terms of the midterm outlook, buyers have been unable to sustain the previous bullish trend. To regain momentum, the ADA rate needs to surpass the $0.40 range. Currently, ADA is being traded at $0.3750.



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