Cardano community is ready for the Shelly network upgrade scheduled to commence on June 30. ADA/USD bulls shift focus to $0.09 and $0.1 following the break above $0.08 and the upcoming network upgrade. Cardano is among the cryptocurrencies in the green on Monday. The cryptocurrency landscape is mixed red and green. As for ADA/USD, June 30 is a very important day because the network will be commencing the much-awaited Shelly upgrade. The upgrade is expected to go on until July 7 in a bid to make the network more decentralized. Other key features expected are the transition of Cardano to smart a contract platform as well as community staking of ADA tokens (set to begin in August). Cardano price analysis Cardano has spiked above $0.08 in the last 12 hours. The tenth-largest digital asset is trading at $0.0815 amid a building bullish momentum. The daily chart highlights the wide gap between the short term 50 SMA and the longer-term 200 SMA. In other words, the gap emphasizes that buyers have the upper hand; a situation is likely to improve due to the upgrade. The RSI is pointing upwards as confirmation for gains towards $0.09. Moreover, the MACD is holding within the positive territory after a gradual drop from 0.0105 (June highs). As long as the MACD stays above the midline, ADA/USD will have the potential to hold above $0.08; a move that would shift the focus to $0.09 if not $0.1. Support is expected at $0.08, the accelerated trendline (broken line), $0.07 and the main ascending trendline (continuous line). If push comes to shove and sharp declines are encountered, the 50-day SMA at $0.07 and the 200-day SMA at $0.05 are expected to come to the bulls’ rescue. ADA/USD daily chart 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 Odds of President Trump winning 2020 elections hit record low FX Street 2 years Cardano community is ready for the Shelly network upgrade scheduled to commence on June 30. ADA/USD bulls shift focus to $0.09 and $0.1 following the break above $0.08 and the upcoming network upgrade. Cardano is among the cryptocurrencies in the green on Monday. The cryptocurrency landscape is mixed red and green. As for ADA/USD, June 30 is a very important day because the network will be commencing the much-awaited Shelly upgrade. The upgrade is expected to go on until July 7 in a bid to make the network more decentralized. Other key features expected are the transition of Cardano to… 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.
