ADA’s price shows strength as price bounces from a downtrend with strong volume as price eyes a rally to $0.5. ADA faces rejection to trend higher above $0.4 as the price faced a sharp rejection below key resistance. The price of ADA continues to hold strong below the 50 Exponential Moving Average (EMA) as the price aims to rally past key areas. The price of Cardano (ADA) has continued to hold strong as price trends toward the region of $0.4, facing rejection to trend higher to a region of $0.5. The crypto market has looked more decent this week, with Bitcoin (BTC) and Ethereum (ETH) showing some great price movement in recent times. This new relief rally across the crypto market has positively impacted smaller coins like Cardano (ADA) as price rallied from its downtrend movement to a high of $0.4 as price attempted to break its key resistance. (Data from Binance) Related Reading: Reasons Behind The Bitcoin Price Rally – Is It Sustainable? Cardano (ADA) Price Analysis On The Weekly Chart. Although many altcoins have struggled to trend in a range market, the price of ADA has seen more of a downtrend move as the price of ADA dropped from a high of $3 to $0.3, seeing more than a 70% decline in its price. ADA’s price recently declined from an all-time high of more than $3 to a region of $0.75 before rallying to a high of $1.3. ADA’s price faced resistance from $1.3 to breaking higher. After the price of ADA was r...
