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.
Visit LinkOn 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.
