According to CoinMarketCap, the rate of Cardano (ADA) has risen by 0.66% over the last 24 hours. The price of ADA is currently trading near the local resistance of $0.3575 and if buyers can maintain their initiative, a breakout could lead to a test of the $0.36 zone soon. On a larger time frame, attention should be paid to the bar closure near the level of $0.3617, as this could indicate enough energy for growth to the $0.39-$0.40 range by the end of the month. However, the lack of bullish energy and falling volume suggest that ongoing consolidation in the range of $0.34-$0.38 is the more likely scenario. ADA is currently trading at $0.3573.



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