Cardano (ADA) Would See Huge Move Once this Resistance is Broken –Analyst Points
Cardano (ADA) and its ever active Foundation wrapped up the just concluded year on a high note, with major projects completed and a beautiful path to a better 2020 designed.
The investors and fans of the cryptographic project led by the IOHK CEO Charles Hoskinson are also looking forward to a better 2020 in terms of ADA’s price appreciation.
So, a look into the past price trend of Cardano (ADA) made an analyst, IT Professional, who can also be termed as a Cardano fan to conclude that ADA would see a huge move if a resistance he indicated in a chart he captioned could be broken with momentum.
He said, “Cardano supporters want to see the world changed for the better. If we’re honest, we care about the price too. Important moment approaching. Downtrend resistance from Jan 2018 & June 2019 coincides with 200 Day MA. If broken with momentum, ADA could see a HUGE move. All aboard!”
#Cardano supporters want to see the world changed for the better. If we're honest, we care about the price too. Important moment approaching. Downtrend resistance from Jan 2018 & June 2019 coincides with 200 Day MA. If broken with momentum, $ADA could see a HUGE move. All aboard! pic.twitter.com/Syn6USrB51
— Card₳no Dan 🇺🇸 🇯🇵 🇪🇹 🇹🇿 🌑 ADA (@CardanoDan) January 15, 2020
Cardano Releases Jormungandr 0.8.6
In another development, in a move to cause bring improvement to the network stability of the node, Cardano reportedly released Jormungandr version 0.8.6.
Going by the update, the new release came with a lot of code quality improvements in the network node, the storage, and the service manager that oversees all the tasks powered by the node.
For more details about this new release, follow this link
Cardano Foundation Warns Users to Beware of Fake Yoroi Wallet
Cardano Foundation warned the users of the Yorio wallet a couple of days ago to be careful not to fall victim to scammers’ perpetration.
According to the report, as soon as any user clicks the fake website, the lying in wait scammers will gain access to the user’s balance, which will follow by a wallet restore, then the carting away of all the fund in the wallet.
Warning! The Yoroi wallet website is being faked by scammers. The real and official website is https://t.co/iD7FuN8gfZ. Scammers are also offering balance check and a wallet restore on their website which is there to steal your funds. Please be cautious and RT please! #cardano
— Cardano Foundation (@CardanoStiftung) January 9, 2020
Cardano (ADA) in the Market
Cardano (ADA) presently occupies the 13th position in the market. In terms of top performers among the digital currencies, ADA has been outstanding going forward.
At the time of writing, ADA is trading $0.045212 with a 9.19% increase in the last 24 hours.
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