Cardano (ADA) Price Analysis for July 17

Key Points

1. Cardano (ADA) price rose by 6.55% over the last 24 hours, reaching near the local resistance of $0.8254.

2. The hourly chart suggests low chances of sharp moves, with sideways trading in the $0.78-$0.82 range likely until the end of the week.

3. A breakout above the $0.8466 resistance could lead to an upward move toward the $0.90 mark.

4. Volume has dropped, indicating a need for buyers to accumulate energy for a potential breakout.

5. ADA was trading at $0.8038 at the time of the report.