Cardano (ADA) Price Prediction for July 23

Key Points

1. Cardano (ADA) has declined by 2.05% since yesterday, with its price near the support level of $0.8550.

2. Traders are unlikely to see an increased price soon as most of the Average True Range (ATR) has been passed.

3. On a longer time frame, bulls have failed to sustain the rise, and a test of the $0.8386 level is expected soon.

4. From a midterm perspective, ADA has made a false breakout of the previous candle high of $0.8955.

5. At press time, ADA is trading at $0.8595.