Cardano Price Analysis for January, 31th – ADA: All Good Regardless of Correction

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex By Friday, the ADA cryptocurrency has slumped into a correction, which, after the robust and stable growth in January, looks logical. The cryptocurrency is generally trading around $0.0541. On D1, analyzing the long-term technical picture of the Cardano development, we can notice that the general trend looks like a quite wide narrowing channel. After a bounce off the lower border, a convergence on the MACD, a breakout of the resistance line of the previous channel, the quotations started developing an uptrend. The aim of the trend is the upper border of the general

The post Cardano Price Analysis for January, 31th – ADA: All Good Regardless of Correction appeared first on The Merkle Hash.