- Cardano ADA Resumes Bullish Momentum Despite Negative Price Action in the Market
- Crossing the $0.0180 Level Sparked the Bullish Fire for Cardano ADA
Cardano News Today – Yesterday, Bitcoin BTC started falling against the USD and it dragged the rest of the market along. However, the Cardano ADA token defied the odds and surged while the rest of the market was struggling. The bullish momentum for Cardano ADA was commendable since the token was bearish throughout last week and the week before that. The price of Cardano ADA was up by more than 4% at the beginning of trading this morning. The bulls seem to have come back to the market with full force.
Cardano News Today – Cardano ADA Starts Recovering Higher Against the USD
At the time of writing, the price of Cardano ADA was $0.083069. It was up by 2.02% against the USD and up by 1.35% against Bitcoin BTC. The trading volume over a 24 hour period is $246,315,729 and the market capitalization is $2,153,745,417. Bitcoin was trading in red against the USD this morning and only just started to recover slowly. The price is the BTC token is $9,152.88. It only just started to recover and has recorded a 0.48% rise in the last hour.
Cardano (ADA) Price Today – ADA / USD
| Name | Price |
|---|---|
 | $0.00 |
Cardano ADA proved that it has broken its correlation with Bitcoin BTC, or at least the correlation has reduced significantly as you can see from the price action today. If Cardano ADA maintains the bullish momentum for the rest of the week, it will rally even more significantly in the next few weeks irrespective of the price action of Bitcoin or any other cryptocurrency. This is a great time to pay attention to the price of Cardano ADA as there is still an inevitable resistance on the way for Cardano ADA.
As stated in our previous Cardano News, the on-chain data reveals that the token is going to face key resistance mid-term irrespective of the current price action. Even now, there is resistance at the $0.08500 level. Cardano ADA must find a way to cross the resistance if the bulls are to keep moving to the $0.0900 level. It might not be near this level yet but it has come a long way from Saturday’s lows at the $0.076. The next few days of trading will determine how high the token will go in the next few days of trading. If ADA is able to move above the $0.0850 level, it will move as high as $0.0980 and might eventually reach the $0.1000 level.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.
