Cardano

<ul><li>Cardano has undergone a 5% price surge in the last 24 hours.</li><li>This may be the significant 5th week of the green candle march.</li></ul>Cardano blockchain’s native token, ADA, has undergone a 5% price surge in the last 24 hours. Albeit all the <a href="https://thenewscrypto.com/ethereum-shanghai-upgrade-failed-to-spike-eth-price/" rel="noopener noreferrer nofollow">Ethereum Shapella Upgrade</a> hype, most of the altcoins in the crypto market are moving flat, but ADA, AVAX, UNI, and Dogecoin (DOGE) made quite an impact for the day. Each of the above-mentioned coins in the top 20 cryptos has seen a surge of over 4 percent.More importantly, the Cardano token is the 7th continuous green candle (in day count) since January. And hopes are high for this week to break the pattern and start the 5 weeks green candle march. The token has not attained this note post-September 2021.As for price analytics, <a href="https://thenewscrypto.com/ada-price-recovers-quickly-after-a-drop-following-cardanos-oracle-integration/" rel="noopener noreferrer nofollow">Cardano has surpassed</a> the existing resistance level of $ 0.4134, and the next resistance is set at $0.5698. The current RSI is marked at 53.28, indicating neither a sell nor buy signal. So it is difficult to understand the next movement of the ADA.At press time, the trading price of ADA was $0.4146 with a market capitalization of $14,413,120,398. As per the official monthly on-chain report from the Cardano Foundation, the number of native <a href="https://thenewscrypto.com/whales-acquire-560-million-ada-worth-approx-218m-over-2-weeks/" rel="noopener noreferrer nofollow">token transactions is increasing</a> along with the wallet count. To conclude, ADA has hopes for ending this week in green.

Cardano (ADA) Reflects 5% Spike Surpassing Resistance Level

TheNewsCrypto

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