21 APRIL 2022 | ZebPay Trade-Desk
The ADA coin powers the Carnado platform. Carnado is being positioned by developers as the third-generation Blockchain. The platform’s main purpose is to combine all the best features from Litecoin and Bitcoin into one crypto asset. Coronado is ranked 9 and its market capitalization stands at $32bn.
ADA traded at $0.95 as of the writing of this article
ADA was trading in a declining channel. After taking multiple support levels at $0.75, it began moving upwards. The asset broke out above the channel and rallied to $1.245. The bulls failed to overcome the resistance at $1.25, and prices saw a slight correction that dropped to $0.874. ADA is currently consolidating and trading within a narrow range of $0.9 to $0.98. This asset will continue to trend if there are breakouts on either side and good volumes.
Support 2Support 1AssetResistance 1Resistance 2$0.75$0.9ADA$0.99$1.25
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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