The Cardano (ADA) price dropped significantly yesterday, according to CoinStats, and today’s performance paints a similar picture. The current hourly chart shows ADA hovering near the middle of a narrow channel between support at $0.7741 and resistance at $0.8174. With most daily ATR being cleared, tomorrow may see limited significant movement. Looking on the longer timeframe, the ADA price made a false breakout above the crucial support of $0.7813. However, neither bulls nor bears have amassed enough energy to trigger a sharp move. From a mid-term perspective, traders should be watching for the weekly candle’s closure at the $0.8466 level. If it closes around or above this mark, further growth could reach as high as $0.90. ADA is currently trading at $0.8017. Source: U.Today