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Bitcoin

Why does Cardano (ADA) rise today?

Cardano has risen today, and many factors indicate that the trend of recovery has not yet ended at the ADA price.

Cardano (ADA) has recovered strongly, increasing by 12.5 % since it decreased $ 0.857 on January 28. The reversion comes after I entered the support from the SIA moving average for 100 days (EMA), which led to the height of his next leg.

At the time of this report, the ADA price is traded at $ 0.956, which is 7 % increase over the past 24 hours.

ADA/USD Daily Chart. Source: Cointelegraph/Tradingvief

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