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The prices of most of the coins are rising after a slight correction, according to CoinStats.
$ADA/USD
The rate of Cardano ($ADA) has gone up by 1% over the past day.
On the hourly chart, the price of $ADA has set a local support of $0.8829. If the situation does not change by the end of the day, one can expect a level breakout, followed by a dump to the $0.88 zone.
On the longer time frame, the rate of $ADA has once again bounced off the resistance of $0.8947.
If the daily bar closes far from that mark, sellers may come back to the game, which may lead to a drop to the $0.8750-$0.88 area.
From the midterm point of view, the price of $ADA is far from the support and resistance levels. The volume is falling, confirming the absence of bulls and bears' energy. In this regard, consolidation in the zone of $0.85-$0.95 is the most likely scenario.
$ADA is trading at $0.8881 at press time.
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