Since December 23 this year, Cardano was moving upwards with a high pace breaking out from resistances up ahead and here it is at this year’s high at $0.197110.
There were significant updates in the network, mainly for its transition to DeFi with the Shelley update. ADA against the US Dollar was gaining since March 13 as all markets were down due to the Covid-19 virus spread. As the US Dollar was weakening, ADA shifted to an uptrend.The pair is following the path traced by the ascending channel and is heading towards levels near $0.216698. The last impulse on the hourly chart of ADA/USD has tested the dynamic resistance of December 29 and is about to break free from this barrier.