Cardano (ADA) Price Prediction: April 5th Outlook

Cardano’s price continues its upward trend for the third consecutive day, surging by 4%. CoinStats reports this bullish momentum. On the hourly chart, ADA is nearing local support at $0.6527. If buyers fail to gain control, a dip towards the $0.65 zone could occur. On a larger timeframe, yesterday’s price action remains stagnant, suggesting neither buyers nor sellers have established substantial buying or selling pressure. If this trend persists, expect sideways trading within the $0.65-$0.67 range by tomorrow. The weekly chart also mirrors this lack of significant market movement. Decreasing trading volume further confirms a lack of buyer or seller enthusiasm. Consequently, any sharp price fluctuations in either direction appear unlikely soon. ADA is currently trading at $0.6554 as of press time.