Huobi Crypto Exchange adds ADA Coin, Cardano Price Surged
Cardano Price is presently on an upside roll, although the digital currency market is turning bearish again. ADA/USD is up seven positions in the last 24 hours and currently riding at USD 0.236030. This surge is happening in the wake of ADA listing on Huobi digital currency exchange.
Cardano (ADA Coin) has indeed made a comeback in the Crypto game with its listing on the one of the largest cryptocurrency exchange Huobi. Huobi is the “leading global digital asset exchange” that position on the second on the coinmarketcap according to the trading volume. With more than 200 cryptocurrencies listed on this exchange, Cardano’s listing on this exchange will inevitably give its price a boost. The deposits of ADA are to start on 16th April while the trading will begin the next day on 17th April.
Technically, there was an upside down movement that was started at $0.21 on the 30’ timeframe chart. ADA/USD rosed distinctly breaking above many resistance zones at $0.22, $0.23 and $0.024 respectively. Still, the profits were protected below $0.25 as selling pressure forced a downside correction. Also, Cardano price found support at $0.23 (former resistance).
The 23.6% Fib retracement level with the last swing high of $0.246 and a low of $0.19 couldn’t support the cost as it corrected lower. In another side, the level ($0.235) is offering resistance as it retraces higher. Cardano price has formed immediate support at $0.23; likewise, the 50 SMA will hold the price in the event of a trend reversal while the major support for ADA/USD is at $0.21.
Mr. Charles Hoskinson, the founder of Cardano also affirmed the listing of ADA Coin on Houbi cryptocurrency exchange with a tweet that has started a spark of enthusiasm into Cardano fans.