According to the candlestick chart connected to the ADA/USD pair on tradingview [based on data drawn from the Bittrex Exchange], Cardano is being affected by buyers for now. The final 3 peaks tied to the Awesome Oscillator were formed above the zero line, although their brown shade points towards the dawn of bearish momentum which might be experienced soon.
The daily RSI [for 14 periods] sits at 53.53 which indicates that Cardano has been prancing through neutral territory till now. The MACD line is about to intersect with the signal line, which would result in the histogram switching sides and changing color [from crimson to emerald]. Support can be found adjacent to $0.0401669, and resistance may play a role at the $0.046 mark in a short while.
Considering the fact that the Incentivized Testnet is expected to be unleashed within the next 3 days [staking will thus begin, which will undoubtedly cause the reported volume to surge], Cardano may be on the verge of a terrific bull-run. Although this can’t be guaranteed, $ADA shall forever rank amongst the most sound projects in the cryptosphere. An AMA session was conducted by Charles Hoskinson [of IOHK] not too long ago.
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— EMURGO (@emurgo_io) November 7, 2019
Cardano is positioned at #12 in the market. The trading volume recorded stands at roughly $55.176 million [which is similar in comparison to the value attained a day back] as of this instant. The total market cap of Cardano amounts to $1.112 billion. The price grew at a rate of 0.87% in the course of the past 24-hours. This, in turn, prompted $ADA to rise all the way up to the $0.042923 mark where it currently holds.
Have you recently seen any $ADA Giveaways? Beware of fake representatives and entities that claim to give away ada (for free)! Do not disclose your private and wallet information. Read more here:https://t.co/WM7tZVCC4c #ShelleyStaySafe #Cardano pic.twitter.com/O4yAa2iihc
— Cardano Foundation (@CardanoStiftung) November 9, 2019