Cardano currency is good for its regular updates, which give a clear picture of the development process, which also affects the price. On the hourly chart we see a short-term bullish trend line with support at $0.0410.
ADA/USD
Although market participants are optimistic and expect the price to exceed 5 cents, and then and 6 cents, the bears are still in control of the market. We recommend waiting for confirmation of the morning star pattern before placing short-term longs.
This means that bulls must push the ADA price above 5 cents. If the price drops below 3.3 cents, we will see a continuation of the bearish trend.
According to www.newsbtc.com
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