24 MARCH 2022 | ZebPay Trade-Desk
ADA is up 28% weekly and 12% over the last 24 hours. The market cap stands at $37bn. The market cap is around $37bn.
ADA trades at $1.09 as of the writing.
After taking multiple support at $7.5, ADA began to move up and surged nearly by 49% up until $1.12. Technically, the asset traded in a “Descending Channel” over the past six month. ADA is now trading above the channel, albeit in low volumes, this week. At $1.2, the asset could face stiff resistance. To continue rallying, the asset must maintain and surpass the resistance levels.
Support 2Support 1AssetResistance 1Resistance 2$0.75$0.9ADA$1.2$1.65
Bitcoin, Ethereum Cash, and other cryptocurrencies are investments. Bitcoin, Bitcoin Cash, Ethereum, etc. These are highly speculative investments and can be subject to market risk. Author’s analysis is intended to be used as information only and not as investment advice.
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