Crypto’s Hot Summer: ADA’s Sizzling Comeback

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The sun beats down on the crypto landscape, and most of these digital darlings are strutting their stuff, setting new local peaks like they’re going out of style 🌟. According to the folks at CoinStats, it’s a regular crypto parade.

And ADA, that Cardano belle, is no exception. She’s risen by a sizzling 6.55% over the last 24 hours, leaving all the other cryptos green with envy 💚.

Now, on the hourly chart, ADA’s rate is rubbing shoulders with the local resistance of $0.8254. It’s like the calm before the storm, but don’t expect any sharp moves just yet, partner. The ATR’s mostly played out, and it’s time for a little siesta 😴.

That being said, if the daily bar closes near that mark, we might just see a test of the $0.85 zone. It’s like the crypto equivalent of a quick draw – will ADA come out on top, or will it fizzle out? 🤔

Looking at the bigger picture, ADA’s price is moseying on over to the resistance of $0.8466. But don’t expect any fireworks just yet, folks. The buyers need some time to gather their strength, like a cowboy gearing up for a showdown 🤠. Sideways trading in the range of $0.78-$0.82 is the most likely scenario until the end of the week.

The weekly chart’s telling a similar tale. Keep your eyes peeled for that $0.8466 resistance, partners. If the bar closes above it with no long wick, we might just see an ongoing upward move to the $0.90 mark. It’s like the crypto equivalent of striking gold 💃.

At press time, ADA’s trading at $0.8038. Will it keep on climbing, or will it take a tumble? Only time will tell, but one thing’s for sure – it’s gonna be a wild ride 🎢.

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2025-07-17 18:23