t’s a good day for the cryptocurrency market, even if it has been the Bitcoin whales in action, Cardano ADA price followed the mainstream trend in the past 24-hours. ADA managed to gain the necessary support and hit new high right after the dip.
As reported by Cryptopolitan earlier, Cardano ADA price went into a reverse head and shoulder pattern to rise up to the $0.620 range. However, the overall market trend went bearish right after the ADA price rise, plunging it into another reverse head and shoulder pattern.
Emerging from the second reverse head and shoulder pattern along the Bitcoin price movement the ADA price hit a new high above the $0.6390 mark. Following the high into a brief touch of $0.64 range. At the time of writing, the Cardano ADA price stands at $0.6195.
Cardano ADA price movement: What to expect?
Cryptocurrency analyst and trader on Trading View Luca Turci is of the view that the cryptocurrency is moving in an ascending channel. Turci believes that the cryptocurrency is moving in a strong bullish stride that is bound to take it beyond the current lows and into new highs around $0.800 mark. Read More