In accordance with the candlestick chart linked to the ADA/USD pair on tradingview [based on data drawn from the Bittrex Exchange], Cardano is once again being affected by sellers. The support level near $0.04015968 remains intact, and barriers may be felt at $0.046 later on. The final 2 peaks tied to the Awesome Oscillator both bore the brown shade, which points towards the growth of bearish pressure.
The daily RSI [for 14 periods] depicted a gradual drop and currently sits at 52.07 which signifies that $ADA is advancing through the neutral zone. The MACD line has ventured close to the signal line, and an intersection may transpire by the following week. This would contribute to the establishment of a crimson histogram beneath the zero line. In my opinion, Cardano’s immediate future may seem dark, but when the next phase of Shelley hits, the price will surge towards $0.05.
A meetup is scheduled to take place today in Croatia. So far, around 8 attendees have signed up for the event. The Cardano Foundation has been diligent in issuing warnings [via Twitter] so as to deal with scams and impersonators who tend to target those gullible. Cardano Gold is an example of one such scam.
Cardano is ranked at #12 underneath TRON and Stellar in the market. The trading volume recorded stands at approximately $55.075 million. The total market cap of Cardano amounts to $1.102 billion as of this instant. The price sunk at a rate of 0.3% in the course of the past 24-hours. This brought ADA all the way up to the $0.042522 mark where it presently rests.
Our Shelley Incentivized Testnet program will roll out later this month. Before that, we’re doing a balance check test on 12th Nov. Make sure your ada is in Daedalus or Yoroi to be part of the initial test and get set for the real thing later this month: https://t.co/mi04Jd12ls pic.twitter.com/okDqdfZMt8
— Input Output (@InputOutputHK) November 8, 2019