Cardano (ADA) needs to sustain momentum above $1 going forward
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This provided a boost to the markets, including cryptocurrencies, which are trading higher on a daily basis. At the time of writing, ADA was trading at $1.05 and remains higher at 7.57% weekly.hit support at $0.876 on Jan. 13, which sparked a comeback. The ADA price's recovery on Tuesday targeted a break of the daily SMA 50 at $1.01; bulls pushed further during today's trading session, breaking through this crucial barrier and reaching highs of $1.069.
Meanwhile, expectations remain high for the Plomin hardfork. A hotfix of the Cardano node 10.1.4, which addresses a potential stability issue discovered on pre-prod and helps keep block production steady ahead of the Plomin hardfork, was released in the past week. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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