Cardano price underwent a strong descending trend after being rejected from the crucial resistance zone between $0.9 and $0.95. Yet the asset tested the lowest levels a couple of times before it made a final parabolic move above $0.5 in the early trading hours. The path towards $0.7 requires the asset to test and clear another couple of barriers at $056 and $0.602.
Šios ADA kaina in the recent past is swinging in between 0 to 1 FIB levels at $0.6 and $0.4 respectively. The recent push ignited a parabolic recovery from the lows at $0.4 to reach the 0.61 FIB levels at $0.53. The asset is required to surpass these levels before the day’s close to head towards 0.78 FIB levels at $0.56. Once these levels are cleared, the path towards 1 FIB level above $0.6 may be imminent.
Cardano Blockchain Mints NFTs Worth More Than $5 million
In a recent update, the Cardano Blockchain has now minted nearly $5 million worth of NFTs with the number of native assets presently being 5,019,030 with 54,831 minting policies. The blockchain can natively generate, interact with these assets and also delete some custom tokens.
Source: https://coinpedia.org/price-analysis/cardano-price-after-an-extended-bearish-trend-flashes-possibility-of-closing-mays-trade-above-0-7/