Most of the coins keep setting new local peaks, according to CoinMarketCap.
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The price of Cardano (ADA) has increased by 3.13% over the last 24 hours.
Image by TradingView
Despite today's growth, the rate of ADA keeps looking bullish on the hourly chart. If the daily bar closes near the resistance of $0.3988, one can expect a breakout, followed by a move to the $0.4020-$0.4040 zone tomorrow.
Image by TradingView
On the hourly chart, the situation is also bullish. If buyers break the vital zone of $0.40 and fix above it, the accumulated energy might be enough for a test of the $0.42 area by the end of the month.
Image by TradingView
From the midterm point of view, one should wait until the weekly bar closes.
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If it happens near its peak and with no long wick, growth may continue to the $0.45 mark.
ADA is trading at $0.3987 at press time.
