CoinCodex: Cardano Price Analysis - ADA About to Turn Parabolic After Breaking Ascending Price Channel
Cardano is up by a strong 22% over the past week as the cryptocurrency finally breaks resistance at $1.50 and breaks above an ascending price channel. The coin rebounded from $1.05 in the last half of July and started to surge inside an ascending price channel that allowed the coin to hit the 100-day EMA. Today’s 7.88% price hike allowed ADA to break the 100-day EMA, climb above $1.50 and break the upper angle of the ascending price channel.
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