- Cardano ADA Regains Momentum After Falling Below the $0.1200 Level in Last Price Correction
- Cardano ADA Will Remain on the Bullish Path Indefinitely as Things are Looking Up
Cardano News Today – Yesterday, Cardano ADA started correcting lower against the USD. The token fell by more than 2.49% against the USD but the support at $0.100 held steady and it started recovering higher shortly after. Now, the ADA token is back to trading bullish against the USD thanks to the fresh momentum. Key support levels have formed in $0.1000 and $0.090. If the support at $0.0900 doesn’t hold, the support at $0.0800 will hold the line and prevent lower lows against the USD near-term. At the same time, there is upward resistance for ADA. The question is, what direction will Cardano ADA take? Will the bulls maintain their hold?
Cardano ADA News Today – Analysts Believe That Higher Highs Are on the Way for Cardano ADA
This year has been one of the best years for Cardano ADA. Thanks to the effort by the Cardano development team, there has been a lot of hype surrounding the token. The Shelley upgrade and all its accompanying upgrades have made the Cardano blockchain one of the most attractive in the industry. No one wants to be left behind so they are buying and holding the token with hopes that it will move higher near-term. All indicators on the price chart for Cardano ADA show that the token is most likely to move higher than lower in the short and medium-term. There are resistances upward as expected but these resistance levels will be crossed effortlessly if the bullish momentum continues. The resistances are at $0.140, $0.150. If Cardano ADA moves above these levels, the next resistance will be at $0.160.
Cardano (ADA) Price Today – ADA / USD
At the time of writing, the price of Cardano ADA was at $0.130729. It is up by 5.94% against the USD and up by 6.01% against Bitcoin BTC. The trading volume over a 24 hour period is $488,553,020 and the market capitalization is $3,389,427,529. The way ahead for ADA is bullish so long-term traders and holding to sell later. Before the end of the year, the Cardano ADA token might move as high as $1 retesting its all-time high. Trading against Bitcoin BTC, the ADA token is also moving higher against the USD. Bitcoin is currently trading at $9,286.06. BTC has been hovering above $9,200 for weeks but it has failed to gather the momentum it needs to move to the $10,000 level. ADA is still outperforming Bitcoin and will most likely continue outperforming it until further notice.