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The price of Cardano has recorded huge gains over the last hour, with a rise of about 15% over the last 17 hours. ADA pumped after Cardano Foundation announced the release of Cardano 1.5.
Cardano 1.5 has been published on the network today! Daedalus users should upgrade to Cardano 1.5 by installing Daedalus 0.13.0 following the Daedalus prompts. For more information, check out the announcement here: https://t.co/Zfxcz2GjRJ
– Cardano Foundation (@CardanoStiftung) March 20, 2019
A @AlexHPutra Twitter user tweeted the next updates from Cardano,
"Cardano, the 3rd generation blockchain, is heading for the most anticipated Shelley phase (Decentralization and Staking).
1. Shelley on Testnet (March 31 or earlier).
2. IOHK Summit in Miami – New Cardano Roadmap (17-18 April)
3. Shelley on Mainnet (April 20 or earlier).
At the time of the press, the price of ADA was $ 0.0570, while the market capitalization of the coin stood at $ 1.46 billion. Cardano was the eleventh largest cryptocurrency in terms of market capitalization. The trading volume of Cardano over 24 hours was suspended at $ 102 million, while most of the volume was fed by the ZBG via the ADA / USDT pair.
1 hour
Source: TradingView
The one-hour chart for Cardano shows an uptrend of between $ 0.040 and $ 0.054. The price rebounded on support at $ 0.050 and broke through the resistance at $ 0.054. The coin soared at the time of the press.
the Parabolic SAR on March 22, 2019, at 02:00 UTC, markers were found under the price of candles, indicating a reversal of prices.
the MACD The indicator showed a bullish cross between the MACD and the signal line. The histogram showed green bars forming above the zero line.
the Awesome Oscillator showed green spikes above the zero line, indicating increasing momentum.
One day
Source: TradingView
The one-day chart showed a strong downward trend for ADA, which ranged from $ 0.1072 to $ 0.057, with an upward trend not yet formed. The price exceeded its immediate resistance at $ 0.05708, after the pump.
the Bollinger Groups showed an expansion as the bands diverged from each other. Prices were higher than the ADM, indicating a bullish presence for ADA.
the stochastics The indicator showed that it had reached an oversold zone because the signal line and the stochastic line were in a bullish cross.
the Chaikin flow The indicator showed a large influx of money into the ADA market, the CMF exceeding +0.2.
Conclusion
The one – hour and one – day chart represents both a bullish momentum for ADA, a projection illustrated by indicators such as SAR, MACD, AO, Bollinger Bands, the stochastic and chaikin flow.
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