Cardano (ADA) Moved Upwards After Consolidation, What To Expect Next?

Cardano (ADA) Moved Upwards After Consolidation, What To Expect Next?


Cardano showed an uptrend after it was trading laterally, the coin has now settled above the $0.47 support mark. Over the past week, the coin gained 7.2% but over the last 24 hours ADA lost 1% of its market value. After the consolidation, the coin targeted its immediate resistance mark.

If the coin continues to remain at the current price level then bulls can be back in the market for a longer time period. The buyers also seem to be back in the market which has pushed ADA to show signs of relief.

If buying strength loses its vigour then, the coin can move to $0.45, post which the coin can trade as low as $0.40.

Trending: FOX NEWS Host Jesse Watters Asks: Was Someone Else In Paul Pelosi’s Vehicle When It Crashed? [VIDEO]

Even now the coin seems to be trading within

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend