Cardano (ADA) Moves Above Range High — Do Further Gains Await?

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In Brief
  • The ADA price has moved above a crucial resistance area at 535 satoshis.

  • The price is following a short-term ascending support line.

  • There is resistance at $0.057 and support at $0.042.

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The Cardano (ADA) price has been increasing at an accelerated rate since April 16, at one point having moved upwards by 85% in its USD pair and 35% in BTC value. However, ADA/BTC reached a high on April 28 and has been decreasing since. The USD pair reached a top two days later. Bitcoin and altcoin trader BillGK_Crypto tweeted an ADA/BTC chart, showing that the price has reached a

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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