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Cardano {ADA} price prediction 2019; Foundation detects another scam

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Weiss Crypto Ratings has once again heaped praises on Cardano as well as Algorand. Take a look at this, ladies and gentlemen:

Cardano is positioned at #12 to the north of Monero and LEO in the market. The trading volume recorded stands at approximately $69.841 million, while the supply still has 25.927 billion ADA coins involved as part of circulation. The total market cap of Cardano amounts to $1.169 billion for now. The price ascended at a rate of 3.31% in the course of the past 24-hours. This, in turn, helped $ADA head all the way up to the $0.045115 mark where it presently rests.

In accordance with the candlestick chart linked to the ADA/USD pair on tradingview [based on data obtained from the Bittrex Exchange], Cardano is being backed by buyers for now and continue to rush forward towards $0.05. Although the climb has been gradual, ADA has successfully broken past the area of consolidation. In the aftermath of 3rd November, the MACD line began heading further north of the signal line, leading to the progression of the emerald histogram.

From 5th November onwards, the peaks tied to the Awesome Oscillator both possessed the green shade. This indicates that bulls have begun their fight, and may push Cardano towards the resistance level near $0.05561. On the other hand, support can be found adjacent to the $0.03946 mark. The daily RSI [for 14 periods] sits at 62.18 and may rise towards the oversold territory over the course of a week.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.