Cardano (ADA) has resumed its uptrend and broken above the $0.40 resistance level. Cardano has been trading sideways for the past three months, with support at $0.30 and resistance at $0.40.
The price of Cardano (ADA) fell below the moving average lines on October 25. The cryptocurrency fell to a low of $0.31 and continued its sideways trend.
The price of Cardano (ADA) has held above $0.30 thanks to a sideways trend after the price drop on August 5. The cryptocurrency is stable above the $0.30 support but below the moving average lines or the $0.40 resistance level.