Cardano (ADA) Price Prediction for March 23

Most coins keep rising at the end of the week, according to CoinStats.CoinStats">The price of Cardano has fallen by 0.33% over the last day.TradingView">On the hourly chart, the rate of ADA is falling after a false breakout of the local resistance of $0.7152. If the decline continues, traders may witness a test of the $0.70 zone soon.TradingView">On the bigger time frame, one should focus on the level of $0.6963. If its breakout happens, one can expect a dump to the $0.66-$0.68 area soon.TradingView">From the midterm point of view, the price of ADA is within the previous bar, which means none of the sides has enough energy for a sharp move. In this case, ongoing consolidation in the narrow range of $0.65-$0.75 is the most likely scenario.ADA is trading at $0.7096 at press time.