Cardano price has found a strong support zone between 23 and 24 cents YTD after forming a triple bottom that is often preceded by a bullish breakout. 
The Cardano’s DeFi ecosystem has exponentially grown YTD with staked ADA on the rise amid mainstream adoption of smart contracts.
As Bitcoin price struggles to rally beyond $27.4k despite the high-impact news, Cardano (ADA) is preparing for an imminent breakout after retesting a macro support level severally.
Trading around 25 cents during the early London session on Thursday, Cardano (ADA) has given investors confidence to continue accumulating in anticipation of an upcoming altcoin season during the fourth quarter. For instance, after being trapped in a falling trend since July following the daily death cross between the 50 and 200 Moving Averages (MA), the ADA price action has in the past few days signaled a possible reversal.
Moreover, the rising divergence on the daily RSI amid a possible head and shoulder pattern shows the buyer

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/cardanos-ada-price-breaks-resistance-trendline-hinting-at-a-bullish-trend-to-035/?utm_source=rss&utm_medium=rss&utm_campaign=cardanos-ada-price-breaks-resistance-trendline-hinting-at-a-bullish-trend-to-035