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Some coins have returned to the green zone, according to him CoinMarketCap.
ADA/USD
Cardano (ADA) price is down 1% since yesterday.
On the hourly chart, ADA price looks bearish, as it is located near local support.
Related to
If the $0.8931 level is broken, the decline is likely to continue to the $0.88-0.89 area.
On the larger time frame, the bulls failed to sustain the upward move seen yesterday. If the situation does not change by the end of the day, sellers may seize the initiative again, which could lead to a drop to the $0.85 region.
From a mid-term perspective, the picture is also more bearish than bullish. If the weekly bar closes around or below current prices, traders could see a test of the $0.8173 level soon.
ADA is trading at $0.8961 at press time.
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