Cardano (ADA) bags Trezor wallet support: ADA/USD bulls make a comeback

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  • Cardano is trading at $0.075 after bouncing up from the support at $0.0739.
  • IOHK Trezor support Cardano in the wake of OKCoin Exchange listing.

The 9th largest cryptocurrency with a market cap of $1.8 billion, Cardano (ADA) has today received news that the Input Output Hong Kong (IOHK)’s Trezor hardware wallet will add support for ADA. The news was shared on Twitter on October 23. The support to take place before November.

Trezor hardware wallet will also support other digital assets including Monero (XMR), Stellar Lumens (XLM), Zencash (ZEN) and Zcash (ZEC).

Cardano has in the recent months been seeking support from cryptocurrency exchanges in order to spearhead adoption. There is a lot going on in the development arena of Cardano with the scheduled Shelly Update taking the center stage.

In addition to the above support, another cryptocurrency exchange, OKCoin has announced the listing of five assets including Bitcoin, Ripple, Zcash, Ethereum as well as Cardano.

Cardano price technical picture

Cardano like many other assets in the market including Bitcoin has woken up from the extended slumber. The hibernation the market has been taking has seen the volatility reduce greatly. A bullish rally is expected as we move into November in line with the predicted rally toward the end of year.

Cardano is trading at $0.075 after bouncing up from the support at $0.0739. The trendline resistance is limiting gains but the indicators on the chart point show that it’s the bulls turn.

ADA/USD 1-hour chart

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