![Cardano (ADA) Price Prediction for April 7](https://u.today/sites/default/files/styles/736x/public/2024-04/s1963.jpg)
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Buyers try to maintain the initiative acquired, according to CoinMarketCap.
![](https://u.today/sites/default/files/inline-images/top10_1040.png)
ADA/USD
Cardano (ADA) rate has increased by 1.22% since yesterday. Over the past week, the price has fallen by 8.94%.
![](https://u.today/sites/default/files/inline-images/ada1_110.png)
On the hourly chart, traders should pay attention to the local resistance level at $0.5908. If the daily bar closes above this mark, the growth is expected to continue up to the $0.60 area.
![](https://u.today/sites/default/files/inline-images/ada2_107.png)
On a longer time frame, the ADA rate is moving towards the resistance at $0.5950. If the candle closes near or even above it, the accumulated energy could be enough for a test of the $0.60-0.61 zone next week.
![](https://u.today/sites/default/files/inline-images/ada3_96.png)
A less positive picture appears on the weekly chart. At the moment, the price continues to trade near the $0.5680 support level, which is a medium-term bearish signal.
If a breakout occurs, a deeper correction to the $0.50 area can be expected.
ADA is trading at $0.5889 at press time.