Most of the coins keep trading in the green zone on the first day of the weekend, however, there are some exceptions, according to CoinStats.
ADA/USD
The price of Cardano (ADA) has fallen by 1.36% since yesterday.
On the hourly chart, the rate of ADA might have set a local resistance at $0.3925. If the daily bar closes far from that mark, traders may witness a drop to the support shortly.
On the bigger time frame, there are no reversal signals so far. At the moment, traders should pay attention to the interim level at $0.3850. If a breakout happens, the accumulated energy might be enough for a move to the $0.37 area.
From the midterm point of view, bulls have failed to maintain the growth after the previous weekly bar closure.
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If the candle closes around the current prices or below, sellers may seize the initiative, which may lead to a test of the $0.30 range by the end of the month.
ADA is trading at $0.3892 at press time.
Source: https://u.today/cardano-ada-price-analysis-for-january-10