Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55

It’s no surprise that Cardano has been gaining traction on price. ADA spiked by as much as 35% in a little over than a week with price trend going the same route as last week’s forecasts. If you have been holding and trading Cardano for the longest time then the past couple of weeks have predictably been a great rollercoaster ride. When Bitcoin showed new spark of vigor starting July 19, Cardano was warned of a bearish trend and a potential liquidity happening in the $0.40 range. ADA dipped by 12% which worked towards the bears. However, the bearish momentum is perceived to be otherwise short-lived as it failed to hold it at the $0.40 zone. ADA price did overshoot to $0.54 with $0.40 tagged as support zone. Suggested Reading | Binance Coin Trading Volume Up 35% As BNB Spikes To $274 Image: Finder.com Cardano Rolls With The Books Cardano definitely rolled according to the books. The token is currently trading at $0.50, up 11% in the last seven days, data from Coingecko show, Thursday. ADA price is seeing two types of scenarios. One, its price may drop from $0.52 to just $0.35 region, or its price may go up to around the $0.65 zone. For those who are looking for higher targets, there is an uptrend signal which reveals a breach right below $0.472. The crypto was recently able to break past the resistance level of $0.45 and is now going for a higher high. In fact, there are strong technical indicators signifying that ADA can ...