U.Today – The rates of most of the coins are falling today, according to CoinStats.

The price of Cardano (ADA) has declined by 5.11% over the last 24 hours.

Despite today’s decline, the rate of ADA is on its way to the resistance of $1.0140. If it breaks out, growth is likely to continue to the $1.04 zone.

On the bigger time frame, the picture is neutral, as the rate is far from the key levels.

The volume is falling, which means there are low chances of seeing any sharp moves in the short term.

From the midterm point of view, the picture is similar to the daily chart. At the moment, one should pay attention to the vital zone of $1. If the candle closes above that mark, the upward move is likely to continue to the $1.10 range.

ADA is trading at $0.9916 at press time.

This content was originally published on U.Today