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On the hourly chart, the rate of ADA might have set a local resistance of $0.5906. As most of the ATR has been passed, any sharp moves are unlikely to happen by tomorrow.
Image by TradingView
On the bigger time frame, neither buyers nor sellers are dominating as the price is far from the main levels.
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The volume keeps going down, which means ongoing sideways trading in the narrow range of $0.58-$0.60 is the more likely scenario.
From the midterm point of view, the picture is similar. The weekly bar is about to close neutral, which means traders are unlikely to witness increased volatility next week.
