Cardano is exhibiting an amazing momentum in the intraday and has rebounded utterly well as it hits the YTD high at $0.09197 just around the press time. ADA has successfully and notably retested 11-month resistance and breached above $0.90 after July 2019.
Moreover, it was just two days back when the market crashed, and Cardano was hitting the ground around $0.0684. As per the current momentum and the trading price, the currency has marked an amazing 34% progression in less than 48 hours, which happens to be the quickest amongst almost the altcoins of the market.
Bitcoin, in this market crash, reclaimed to support around $9.2k while currently is trading around $9.6k. On the flipside, altcoins like XRP, TRX, and ADA have been hitting the right chords as they gain the utmost traction. Moreover, Cardano being a smart contract platform, has been performing well and has performed even better than the major altcoin—Ethereum.
On the daily chart, the Cardano price trend is breaching above the upper 20-day Bollinger Band and project future volatility as the bands widen. Also, ADA/USD is retaining steady support from 50-day and 200-day Moving Average on the daily chart. The technicals are drawing a complete bullish crossover, and there is no stance of selling pressure. Click here to get more details about cardano predictions.
