- “We’re rolling out more USD pairs. On Sep 5 we’re launching US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC),” Bittrex wrote on Twitter.
- Buyers are looking forward to $0.10 while the supply zones at $0.102 and $0.108 will pose significant resistance.
Cardano brushed shoulders with $0.108 during the trading yesterday. The crypto has been trading higher lows and higher highs following the recent declines that had it trade lows of $0.0885. However, before the breakout, ADA/USD was range-bound below $0.094 resistance. The 50 SMA on the hourly chart was also limiting the gains at $0.09286. Cardano spiked in an engulfing candle triggered by technical levels at $0.094.
Bittrex cryptocurrency exchange announced on August 29 that it was rolling out more pairs to trade against the US dollar. Cardano (ADA) and Zcash (ZEC) are the two assets that will be listed on the exchange come September 5. The announcement was made via Twitter and read:
“We’re rolling out more USD pairs. On Sep 5 we’re launching US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC). Eligible #Bittrex accounts created before August are already enabled for USD trading.”
It is only one month since Bittrex introduced the market for USD. At the moment, Bitcoin (BTC) along with a few other cryptos is available for trading against USD.
In the meantime, Cardano has bounced off the support at $0.096. The buyers are looking forward to $0.10 while the supply zones at $0.102 and $0.108 will pose significant resistance. On the downside, the hourly 100SMA is proving support at $0.096. If the trend reversal occurs, ADA/USD could decline further and test the primary support at $0.088.
ADA/USD hourly chart
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