ADA/USD got a boost after a move above channel resistance. The further upside may be limited by $0.0600 in the short run. Cardano (ADA) is changing hands at $0.0590 amid strong bullish sentiments. The coin has gained over 1% in a matter of minutes and the upside trend is gaining traction. The coin has been oscillating in a tight range limited by $0.0555 on the upside an $0.0540 on the downside for the best part of the day. A strong move above the channel resistance increased the upside impulse and pushed the price to the critical $0.0600. If this barrier is cleared, we may see another bullish wave with the next target at $0.0650. The RSI on a 1-hour chart has started a reversal from an overbought territory, which means the short-term bullish momentum is fading away and ADA/USD may retest the former resistance of $0.0555 before another growth attempt. ADA/USD: Technical picture 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 US Claims: The US dollar may suffer from a return of optimism FX Street 3 years ADA/USD got a boost after a move above channel resistance. The further upside may be limited by $0.0600 in the short run. Cardano (ADA) is changing hands at $0.0590 amid strong bullish sentiments. The coin has gained over 1% in a matter of minutes and the upside trend is gaining traction. The coin has been oscillating in a tight range limited by $0.0555 on the upside an $0.0540 on the downside for the best part of the day. A strong move above the channel resistance increased the upside impulse and pushed the price to the critical $0.0600. If this barrier is… 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.
