Cardano

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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The majority of the cryptocurrencies have returned to the red zone, according to <a href="https://u.today/doge-and-shib-prediction-for-july-22" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="98c7c2b1-7726-41dd-a5c6-7433868dc153" src="https://u.today/sites/default/files/inline-images/top10_1252.png">ADA chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The price of Cardano (ADA) has declined by 2.15% over the last 24 hours. <img data-entity-type="file" data-entity-uuid="4a22d51c-67d5-4076-9151-210ae166abe9" src="https://u.today/sites/default/files/inline-images/ada1_118.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of ADA has bounced off the local support level of $0.4180. If the situation does not change, one can expect a test of the resistance by tomorrow. <img data-entity-type="file" data-entity-uuid="d315a13a-a036-4a55-b601-3e801029835f" src="https://u.today/sites/default/files/inline-images/ada2_117.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A different situation can be seen on the daily time frame. Bears still remain more powerful than bulls as the rate is near the interim zone of $0.42. If the candle closes near it, traders may witness an ongoing correction to the $0.40 range. <img data-entity-type="file" data-entity-uuid="895bbab6-2d45-405c-bd21-1e5a2a392ebf" src="https://u.today/sites/default/files/inline-images/ada3_102.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/ADAUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, bulls have failed to keep the growth after a bullish bar closure.&nbsp;
If the weekly bar closes far from $0.45, sellers may return the rate to the $0.40 zone.
ADA is trading at $0.4264 at press time.

Cardano (ADA) Prediction for July 23

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