- ADA / USD is currently trading at $ 0.133 after resuming bullish activity towards $ 0.138.
- Cardano is in a robust daily uptrend and is most likely to break the recent high.
Cardano made a 2020 high of $ 0.138 on July 8th after the bull rally had lasted quite a long time. ADA / USD is one of the few coins that not only bounced back from the March 12 crash, but also rose higher. ADA peaked at $ 0.072 on February 13 and fell to $ 0.018 on March 13. This means that Cardano has seen price increases of over 600% from its 2020 low.
Cardano is strengthened thanks to Shelley’s mainnet launch
After Cardano announced the 2020 roadmap and Shelley’s announcement, the Cardano cops began raising ADA’s price. The Cardano ecosystem will basically turn into a distributed system.
Cardano currently ranks 6th in terms of market capitalization and is slowly catching up with Bitcoin Cash. The 2020 high of $ 0.133 is also a two-year high, as Cardano last traded at that price in August 2018. The increase in trading volume has also been remarkable over the past few months. Currently, ADA is facing very little resistance to $ 0.15 despite mounting pressure to sell.
ADA / USD daily chart
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