Cardano News Today – Cardano Recovers Above the $0.050 Level Again After a Brief Price Correction Yesterday – May 6th, 2020
发布时间：2020-05-07 09:12:23 发布人：TokenString
Cardano News Today – Cardano ADA has been one of the best performing tokens among the top 10 tokens on CoinMarketCap. During the recent Bitcoin bull run, the price of Cardano ADA surged up from the $0.033 level to the $0.050 level within less than 3 days busting several resistance levels along the way. As the rest of the market started recovering thanks to holders trying to cash their profit, the token Cardano ADA token followed suit. Cardano ADA lost the support at $0.050 against the USD falling to the $0.048 level.
Cardano ADA News Today – Cardano ADA Slides Below the $0.050 Level But Quickly Recovers
When the price of Cardano ADA moved above the $0.050 level, there was strong support at the $0.0482 level long-term. When it fell below the $0.050 area. As Cardano retested $0.0482, it was subject to the 9-day MA and the bears started losing momentum paving the way for bulls to reclaim their control in the market. Before the bulls returned, the bears posed a major threat to the market. They pulled the price lower causing ADA to lose momentum as it fell below the lower side of the rising wedge pattern.
Cardano (ADA) Price Today – ADA / USD
Name
Price
Cardano
$0.050
The relative strength index 14 was way below the 70 levels indicating that the sellers had control in the market. If the bulls didn’t recover when they did, the ADA token would have fallen lower against and risked going back to the $0.038 level which it crossed in flying colors last week. At the time of writing, Cardano ADA was trading at $0.050787. This means that it is 3.03% higher against the USD and down by 1.21 against the price of Bitcoin BTC. The trading volume over 24 hours was $132,576,999 and the market capitalization was $1,318,989,529.
It’s not a surprise that the price of Cardano ADA is on the rise. After all, the road to the Cardano Shelley mainnet launch has already increased investor confidence in the token. Cardano Shelley is the next big thing in the cryptocurrency space and no investor wants to be left behind. The Cardano development team has already performed the first round of tests on the Shelley mainnet to make the necessary adjustments and make sure that everything is running smoothly ahead of the main launch. Several core updates have also been made on the network. Before the end of the year, Cardano Shelley will be ready for launch and we would know if the bold claims by IOHK are true or not.
Cardano News Today – Cardano ADA has been one of the best performing tokens among the top 10 tokens on CoinMarketCap. During the recent Bitcoin bull run, the price of Cardano ADA surged up from the $0.033 level to the $0.050 level within less than 3 days busting several resistance levels along the way. As the rest of the market started recovering thanks to holders trying to cash their profit, the token Cardano ADA token followed suit. Cardano ADA lost the support at $0.050 against the USD falling to the $0.048 level.
Cardano ADA News Today – Cardano ADA Slides Below the $0.050 Level But Quickly Recovers
When the price of Cardano ADA moved above the $0.050 level, there was strong support at the $0.0482 level long-term. When it fell below the $0.050 area. As Cardano retested $0.0482, it was subject to the 9-day MA and the bears started losing momentum paving the way for bulls to reclaim their control in the market. Before the bulls returned, the bears posed a major threat to the market. They pulled the price lower causing ADA to lose momentum as it fell below the lower side of the rising wedge pattern.
Cardano (ADA) Price Today – ADA / USD
| Name | Price |
|---|---|
|
|
$0.050 |
The relative strength index 14 was way below the 70 levels indicating that the sellers had control in the market. If the bulls didn’t recover when they did, the ADA token would have fallen lower against and risked going back to the $0.038 level which it crossed in flying colors last week. At the time of writing, Cardano ADA was trading at $0.050787. This means that it is 3.03% higher against the USD and down by 1.21 against the price of Bitcoin BTC. The trading volume over 24 hours was $132,576,999 and the market capitalization was $1,318,989,529.
It’s not a surprise that the price of Cardano ADA is on the rise. After all, the road to the Cardano Shelley mainnet launch has already increased investor confidence in the token. Cardano Shelley is the next big thing in the cryptocurrency space and no investor wants to be left behind. The Cardano development team has already performed the first round of tests on the Shelley mainnet to make the necessary adjustments and make sure that everything is running smoothly ahead of the main launch. Several core updates have also been made on the network. Before the end of the year, Cardano Shelley will be ready for launch and we would know if the bold claims by IOHK are true or not.
