The rate of Cardano (ADA) has increased by 1.6% over the last 24 hours.
On the hourly chart, the price of ADA might have found a local resistance level of $0.3652. It the daily bar closes near it, there is a chance to see a breakout, followed by an ongoing rise to the $0.37 zone.
The rate of ADA is rising after a false breakout of the support level of $0.3419. If the bar closes near its peak, the upward move may continue to the $0.38 range until the end of the week.
From the midterm point of view, buyers are not ready to keep the growth going. Such a statement is confirmed by the falling volume.
Bulls may start thinking about further growth only of they restore the rate of ADA above the $0.40 zone.
