ADA/USD retraced from recent high. The coin is still over 19% higher on a weekly basis. Cardano (ADA) experienced a strong growth during the previous week. On Sunday, the coin touched $0.0641, which is the highest level since December 2018 before retracing to $0.05961 by the time of writing. Cardano is the 11th largest digital asset with the current market value of $1.5B. Its average daily trading volume is registered at $137M which is more than twice as large the ling-term average. Cardano gained over 19% since this time on the previous Monday and nearly 50% since the beginning of the year. What’s going on From the fundamental point of view, Cardano team successfully updated their network and took it to the next stage of development. “Cardano 1.5 has been released to the mainnet today! Daedalus users need to upgrade to Cardano 1.5 by installing Daedalus 0.13.0 by following prompts in Daedalus,” they announced in the official Twitter account. This version is supposed to be the last update for Byron, the first stage of the platform development. Now, in accordance with the white paper they move on to the second level know as Shelley. Cardano’s technical picture Looking technically, ADA/USD slipped below critical $0.06 and extended the downside towards $0.0560-$0.0550 to close the bullish gap created on Sunday. The next barrier lies with psychological $0.05. On the upside, we will need to see a strong move towards the recent high at $0.0641 followed by $0.07. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Fed’s Evans: May have to ease if downside risks become a reality FX Street 4 years ADA/USD retraced from recent high. The coin is still over 19% higher on a weekly basis. Cardano (ADA) experienced a strong growth during the previous week. On Sunday, the coin touched $0.0641, which is the highest level since December 2018 before retracing to $0.05961 by the time of writing. Cardano is the 11th largest digital asset with the current market value of $1.5B. Its average daily trading volume is registered at $137M which is more than twice as large the ling-term average. Cardano gained over 19% since this time on the previous Monday and nearly 50%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.