Cardano’s ADA Price Analysis: Bullish Development Expected

Cardano has been making a lot of headlines back in 2020, and this was mostly due to the fact that the team behind the project has been marking a lot of achievements.

The coin’s price has also been reflecting all the successes that the project has been marking.

ADA could shoot for the highest weekly close since 2018

Beincrypto online publication notes this: “ADA has been increasing since March when it reached a low of $0.017. The rally stalled once it reached the $0.166 resistance area in July. The area is also the 0.382 Fib retracement level of the most recent downward move.”

At the moment of writing this article, ADA is trading in the red, and the coin is currently priced at $0.172364.

Cardano Foundation is excited about the new opportunities of 2021

The Cardano Foundation dropped a message for 2021 on their Twitter account. The team behind the project is looking forward to the massive opportunities that this year will bring.

Check out the post that they shared on Twitter.

Cardano definitely had a great year, and more successes are expected to be pouring in 2021 as well.

ADA in the crypto market

Regarding the price of ADA, at the moment of writing this article, ADA is trading in the red, and the coin is priced at $0.173745

FXStreet notes, “bulls have been in full control of the trend. ADA aims for $0.25 in the long-term as it faces very little resistance above according to many indicators.”

Stay tuned for more Cardano related news.

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