Cardano Surges Significantly After Community Gets Update About Shelley But The Resistance At $0.1000 Seems Unshakable, When Will ADA Cross This Level?

Cardano news today – Cardano has become one of the hottest blockchains in the space. This is all thanks to the anticipation surrounding the Cardano Shelley project. Almost everyone in the cryptocurrency community is talking about Cardano Shelley and how it is going to make the Cardano blockchain 100 times more decentralized than Bitcoin. The Cardano Shelley core upgrade is going to be activated on the test net this month and on the mainnet in a few months from now. A few days ago, the Cardano community got news about the Cardano Shelley upgrade. Shortly after, the price of Cardano started to surge against the USD and was among the best performing cryptocurrencies for more than two days per our previous Cardano news.

Cardano Price Prediction 2019 – Cardano News Today – Cardano Shelley Propels A Surge But The Resistance At $0.1000 Persists

The price of Cardano managed to surge above the $0.9000 level and has formed strong support there. However, it hasn’t been able to test $0.1000 in a long time. The resistance levels before $0.1000 keep pulling the price back irrespective of all the good news surrounding the Cardano Shelley upgrade. There has been a 24% rise in price over the last 24 hours but this hasn’t been enough to promote a surge above $0.1000. In our previous Cardano price prediction 2019, we noted that the price of Cardano ADA was going to reach new highs this year before and after the Cardano Shelley upgrade. However, the truth is that the surge hasn’t been as significant as anticipated. This is especially so when you consider the excellent performance of Litecoin and Bitcoin.

 

Yesterday, the respected cryptocurrency rating service provider, Weiss Ratings, talked about the impressive performance of Cardano over the last few days. The post also acknowledged the progress that Cardano has made over the last year. It was as follows;

“#Cardano leads crypto market with staggering 24% gain in just 4 days. #Shelley core update and #Coinbase listing seem to be the culprits triggering a fresh wave of buying sentiment. #ADA staking should do wonders for this project. First sign of real progress since 2017. #Ada.”

Cardano News Today – Cardano Latest Update – ADA To USD – Current Price Of Cardano ADA

At the time of writing, the price of Cardano was $0.091635. This means that it is up by 0.48% against the USD and down by 4.25% against BTC. The trading volume over a 24 hour period is $195,532,626 and the market capitalization is $2,375,823,340. Note that while the price of Cardano ADA is facing resistance, BTC is surging and has moved above the $9000 level. Before the price of Cardano ADA can cross the $0.1000 level, it has to move above the resistance at $0.9200. There will be another resistance at $0.9500 and one more at $0.9800. Depending on how long the bulls can maintain control of the market, the price of Cardano should hit $0.1000 before the end of the new week.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.0443.22%

What do you think about the Cardano price prediction 2019 in our Cardano news today? Will the Cardano Shelley upgrade still promote a surge in the price of ADA? Share your thoughts in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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