The Cardano price has been trading under a bearish trendline for almost a week now, but with fresh gains in sight, can ADA chart a weekend run to $0.50?
The Cardano price action has been rather boring as of late amid the larger market’s mostly-bullish trajectory. At press time, the ADA price kicked off Friday on a higher note, charting a 2.5% daily gain to $0.405.
Cardano price reverses short-term losses
The recent 4% gain in the ADA price reversed the Nov. 2 losses that brought the coin’s price down by over 5%. The Cardano price began that day at a low of $0.384, but bulls have managed to keep prices above the key support level at the $0.375 mark for over 10 days now.
After rising to a high of $0.4082, ADA’s next key resistance level would be found at $0.42, then $0.50.
A look at ADA’s 1-day price chart suggested some bullish momentum in the market, especially as the Chaikin money…
