Currently,the price of Cardano (ADA) is gaining a bullish sentiment above the resistancelevel of $0.0526 over the US Dollar. The crypto’s market performance displays astrong uptrend, especially that it is trading at $0.0570. So, it’s no surprisewhy the ADA bulls gained the courage to attempt testing the $0.600 range andaim for further rally.

What’s the ADA’s Recent Market Performance?

Overthe 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.

Atthe moment of price rise, ADA cleared the significant bearish trend line alongwith the resistance level of $0.0440. What’s more, resistance levels of $0.0505and $0.526 are even broken.

Interestingly,the ADA/UAD pair traded at $0.0570, which is a new yearly high. The cryptoasset found a support level close to the $0.0550 level. Other than that, itcurrently accords with the Fib retracement level of 23.6% transferring from$0.0498 low towards $0.0570 high.

ADA’sfirst key support is close to the level of $0.0535 while the Fib retracementdegree of 50% transferring from $0.0498 low to $0.0570 high is close to the$0.0535 level. In the case that further losses happen, the price will end up toa pivot level of $0.0526.

Ifthe bulls successfully break the price above the $0.0570 level, then it willgear towards the resistance level of $0.0585 and $0.0600. Above those levels, arally towards the levels of $0.0615 and $0.0620 is possible in the near term.

What Makes ADA Unstoppable?

Yesterday,while Bitcoin (BTC) is lagging, ADA’s price is growing. In fact, the cryptosurges more than 10% over the BTC, making it the highest ADA/BTC pair high inthe past eight months.

Followingthe announcement of Cardano CEO Charles Hoskinson about the partnership withPwC, ADA’s price gradually rises. If you are not familiar with PwC, it is amongthe world’s top professional services companies with about $4.4 billion globalvaluations.

Theaforementioned partnership will allow PwC to use the blockchain of Cardano forexecuting its services such as consulting, tax, and insurance. That way, it isexpected that the ADA’s price will surge further.

AlthoughPwC will not directly use the ADA token, the company is still interested inusing the Cardano blockchain. So, the crypto will increase its exposure.

Withthe said partnership announcement between the two firms, it’s not surprisingwhy ADA’s price surged by 13.75% yesterday. Besides, it also resulted to an appropriateresponse from traders while the buying pressure paved ADA to move up further.

Despitebeing new to crypto space, ADA already grabbed the attention of traders.According to analysts, the crypto can have a bright future, especially that italready gained exposure and about to start a massive partnership. Besides, manytraders already placed their hopes to ADA.