Cardano is somehow keeping in-step with cryptocurrency frontrunners Bitcoin and Ethereum, sitting on price increase on its intraday chart. Cardano failed to hold the $0.41 crucial support range and settle to the new support marker of $0.36 ADA is forecasted to trade from $.0403 to $0.416 in the coming days Cardano addresses grow despite bearish market sentiments Tracking from Coingecko shows the smart contract token is trading at $0.371, raising its price by almost 1% during a 24-hour period. The altcoin, however, continues to struggle as it remains in the red zone on its 7-day and 14-day metrics, going down by 7.6% and 13.3%, respectively. Investors, holders and traders are keeping close watch on the price movement of the crypto as it tries to bounce back after failing to sustain the $0.41 crucial support marker. At first it appeared the asset was in for another steep fall, but it managed to cling into a new support range which could prove to be significant in determining the trend of its next price rally. Cardano Hangs On To $0.35 Support As seen from Cardano’s trading chart, the Bollinger band (blue line) continued to drop as ADA failed to hold the critical $0.41. It only stopped upon reaching the $0.35 marker. Related Reading: TRON Makes Record For Period Spent In Deflationary State – Good For TRX? Source: TradingView Meanwhile, the crypto’s Relative Strength Index (RSI) tallied a low value of 23.4 which indicated Cardano ...
$285 Million in Bitcoin Shorts Wiped Out
