Cardano’s price surged above the main $0.1000 resistance level and started a strong increase. ADA is likely to continue higher towards $0.1250 in the coming days.
ADA is showing positive signs and it is now trading well above $0.1000 against the US dollar. The price cleared the $0.1120 resistance and trading above the 100-day simple moving average. There was a break above a significant bearish trend line with resistance near $0.0965 on the daily chart of the ADA/USD pair (data source from Bitfinex). The pair is likely to continue higher towards the $0.1250 and $0.1280 resistance levels. Cardano (ADA) is Gaining Bullish Momentum
This past month, cardano’s price started a fresh increase from the $0.0755 low. ADA cleared the $0.0880 and $0.0950 resistance levels to move into a positive zone.
The upward move gained pace after there was a break above a significant bearish trend line with resistance near $0.0965 on the daily chart of the ADA/USD pair. There