Fresh wave of interest pushes Cardano near all-time highs

Cardano (ADA) made a run at its all-time value excessive on March 18, following renewed retail interest within the asset. It finally hit a value of $1.47 on Thursday, primarily based on TradingView knowledge from the Kraken alternate — simply brief of its $1.48 all-time value excessive, set on Feb.


Cardano’s 1-hour chart exhibits the asset has made greater lows since its correction, using an upward trendline. Price at present seems to have flipped the 50-period transferring common, or MA, to help, at the very least as of the time of publication; its value at present sits near $1.32. On its latest downward transfer, ADA didn’t fall far sufficient to hit its 200-period MA. 

Source: TradingView

On ADA’s hourly chart, after two makes an attempt at its document excessive on Thursday, the asset fell practically 20% in value, hitting $1.18. ADA’s drop got here across the identical time as an analogous, albeit notably smaller, correction occurred in Bitcoin’s value.

ADA’s enhance seems to have adopted a March 16 announcement from U.S. alternate Coinbase, stating that that it could be including ADA to its Coinbase Pro platform.  “Trading will begin on or after 9AM Pacific Time (PT) Thursday March 18, if liquidity conditions are met,” the weblog put up mentioned. ADA seems to be buying and selling on the alternate as of time of publication.

A weblog put up at present revealed that Coinbase has additionally added the asset to its utility and platform as nicely.

ADA is one of the largest crypto assets in phrases of market cap.