Altcoins News
By Steven Anderson
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What’s the ADA’s Recent Market Performance?
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What Makes ADA Unstoppable?
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Currently, the price of Cardano (ADA) is gaining a bullish sentiment above the resistance level of $0.0526 over the US Dollar.
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Over the past few days, ADA’s price rests above the support level of $0.042. Then, the ADA/US pair settled above the pivot level of $0.450.
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At the moment of price rise, ADA cleared the significant bearish trend line along with the resistance level of $0.0440. What’s more, resistance levels of $0.0505 and $0.
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Interestingly, the ADA/UAD pair traded at $0.0570, which is a new yearly high. The crypto asset found a support level close to the $0.0550 level.
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ADA’s first key support is close to the level of $0.0535 while the Fib retracement degree of 50% transferring from $0.0498 low to $0.0570 high is close to the $0.0535 level.
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If the bulls successfully break the price above the $0.0570 level, then it will gear towards the resistance level of $0.0585 and $0.0600.
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Yesterday, while Bitcoin (BTC) is lagging, ADA’s price is growing. In fact, the crypto surges more than 10% over the BTC, making it the highest ADA/BTC pair high in the past…
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Following the announcement of Cardano CEO Charles Hoskinson about the partnership with PwC, ADA’s price gradually rises.
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The aforementioned partnership will allow PwC to use the blockchain of Cardano for executing its services such as consulting, tax, and insurance.
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Although PwC will not directly use the ADA token, the company is still interested in using the Cardano blockchain. So, the crypto will increase its exposure.
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With the said partnership announcement between the two firms, it’s not surprising why ADA’s price surged by 13.75% yesterday.
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Despite being new to crypto space, ADA already grabbed the attention of traders. According to analysts, the crypto can have a bright future, especially that it already gained…
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