Cardano price below again, but reversal signals before the Crypto summit at the White House

summary:
• The ADA price was recently manufactured by its inclusion in a potential federal federal encryption reserve, but there is more to play in its last drop

Cardano Price fell for the second day in a row on Friday, as it decreased by 4 % and traded at $ 0.870 at the time of writing this report. This decrease comes despite the inclusion of the currency in the federal strategic currency reserve, which tops the address of the conversation during the White House encryption summit.

Despite its last shrinkage, ADA PRICE is still 34 % over the past week, after it increased by 72 % last Sunday after President Donald Trump’s statement on his social account in fact. However, there is a basic question about whether ADA can be the lowest encryption currency in the reserve after the White House failed to invite IOHK Charles Hoskinson to today’s summit.

Cardano Blockchain’s structure is improved for high treatment, relatively low fees, high productivity and safety, making Ada a suitable insert in any federal financial system.

Meanwhile, the volume of transactions has decreased 24 hours of the currency by 17 % to this writing, indicating a decrease in sale pressure due to the decline in ADA prices. The continued trend will limit the coding currency losses.

The White House encryption summit will highlight the role of encryption in the US financial system in the coming years. It is expected to increase the adoption of cryptocurrencies, especially those that are part of the federal strategic reserves such as Ada. Therefore, the Ada price can suffer from the increasing fluctuations in the days following the summit.

ADA price prediction

ADA PRICE PIVOTS at $ 0.900 and resistance at this level control sellers by sellers. The procedure is likely to move down to find the first support at $ 0.850. An extended control by sellers will become less than this level and erase the path for the second support test at $ 0.814.

On the other hand, the momentum can turn into the upward trend if Adausd exceeds $ 0.900. This can lead to the first resistance at $ 0.931. The violation of this barrier will nullify the narration of the negative side, as it is likely to be a moment from the price higher to test $ 0.958.