Cardano Continues To Surge Against The USD As Traders Anticipate Shelley Upgrade, How High Will ADA Go?

Cardano news today – Cardano has been on fire for the past few days now. After losing over 10% of its value, the cryptocurrency gathered enough momentum to surge against the USD and has been on a bull run since then. When the price of Cardano ADA started to fall against the USD, some analysts suggested that a sell-off is ideal. Fortunately, the cryptocurrency picked up and has been on an uptrend since then. Yesterday, ADA also suffered a down turn against the USD falling as it was outperformed by BTC. To be fair, ADA wasn’t the only cryptocurrency that was being outperformed by Bitcoin. Almost every altcoin in the market was suffering the same faith.

Cardano News Today – Cardano Shelley Upgrade – ADA USD News Today

Over the last week, the price of Cardano ADA is up by almost 10%. Yesterday, it started the day trading sideways and the price fluctuated significantly more than three times. This gave short term traders the perfect opportunity to buy and make quick profits. Unfortunately, the downtrend intensified after a while per our Cardano news yesterday. Because the price of ADA fell below the key support level at $0.087945 yesterday, it started to surge against the USD and has been trading in green since then.

Cardano (ADA) Price Today – ADA / USD

Name Price
cardano
Cardano
$0.0501.38%

Right now, the most crucial support for Cardano ADA is at $0.80913. If the bulls were to lose their momentum and the bears take over the market, the cryptocurrency will fall. It would touch at least two support levels before it finally hits $0.80913. Staying above this level is critical to avoid a slide back into the $0.7000 level. All the technical indicators show that it is currently a bull market. So, a surge in the price of Cardano ADA is more likely to happen than a fall.

Cardano Price Prediction 2019 – Cardano Shelley Upgrade – Current Price Of Cardano ADA

With the Cardano Shelley upgrade scheduled to be activated on the testnet in the next two weeks, traders are anticipating a surge in the price of ADA. Cardano Shelley is going to make the blockchain more attractive thus making the Cardano token more useful. This, in turn, will lead to a surge in the price of ADA. The anticipation surrounding the Shelley upgrade may be part of the reasons why the price of Cardano is currently outperforming most cryptocurrencies including Bitcoin. So, there is a high chance that things will get even better after the upgrade.

At the time of writing, the price of Cardano ADA was $0.091675. This means that it is up by 5.99% against the USD and up by 1.08% against the BTC. The trading volume over a 24 hour period is $172,548,885 and the market capitalization is $2,376,854,897. It is one of the best performing altcoins at this time and there is a high chance that the bullish rally will continue over an extended period. As long as the bulls continue to maintain their control in the market, Cardano ADA will test the $0.1000 level near-term. Right now, the immediate support is at $0.0900 while the immediate resistance is at $0.0920.

What do you think about the Cardano price prediction in our Cardano news today? Is the Cardano Shelley project going to be the key that will lead to a surge in the price of ADA? Share your thoughts in the comment section below.

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.

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