The market is going up on Saturday, according to CoinStats.

ADA/USD

The price of Cardano (ADA) keeps rising for the third day in a row, growing by 4%.

On the hourly chart, the rate of ADA is returning to the local support of $0.6527. If buyers cannot seize the initiative, one can expect a test of the $0.65 zone shortly.

On the bigger time frame, the price of ADA is within yesterday’s bar, which means neither buyers nor sellers have accumulated enough energy.

If the situation does not change by tomorrow, ongoing sideways trading between $0.65 and $0.67 is the more likely scenario.

On the weekly chart, the picture is similar. The trading volume keeps falling, confirming the absence of buyers’ or sellers’ energy. Respectively, traders are unlikely to witness sharp ups or downs soon.

ADA is trading at $0.6554 at press time.