Cardano price has surged 7.1% in the last week to trade at $0.263 on Tuesday. While Bitcoin
and Ethereum pulled from their Monday rallies, ADA managed to dodge the bullet, thus upholding support provided by the 50-day Exponential Moving Average (EMA).
On the downside, support at $0.235 kept the downtrend in check for the rest of September. If the immediate buyer congestion at $0.26 (50-day EMA) stands Cardano price could call for more attention from the investors willing to bet on an upward trajectory to $0.5 and eventually $1.
Cardano Tops Crypto Projects With The Highest Developer Activity
According to on-chain analytics platform Santiment, Cardano emerged top among crypto projects with the highest developer activity in September with 572 GitHub commits. Other high-performing projects include Polkadot with 501, Chainlink with 388, and Hedera with 358 while Cosmos came in fifth place with 338. Other projects in the top ten were Aptos, Avalanche, IOTA, Radix, and MultiversX.
Cardano currently sits between vivid support and resistance areas, with the former provided by the 50-day EMA as earlier established and the latter highlighted by the 100-day EMA (blue) together with the lower ascending trendline.
#cryptonews #cryptocurrency #crypto2023 #cardano $ADA
and Ethereum pulled from their Monday rallies, ADA managed to dodge the bullet, thus upholding support provided by the 50-day Exponential Moving Average (EMA).
On the downside, support at $0.235 kept the downtrend in check for the rest of September. If the immediate buyer congestion at $0.26 (50-day EMA) stands Cardano price could call for more attention from the investors willing to bet on an upward trajectory to $0.5 and eventually $1.
Cardano Tops Crypto Projects With The Highest Developer Activity
According to on-chain analytics platform Santiment, Cardano emerged top among crypto projects with the highest developer activity in September with 572 GitHub commits. Other high-performing projects include Polkadot with 501, Chainlink with 388, and Hedera with 358 while Cosmos came in fifth place with 338. Other projects in the top ten were Aptos, Avalanche, IOTA, Radix, and MultiversX.
Cardano currently sits between vivid support and resistance areas, with the former provided by the 50-day EMA as earlier established and the latter highlighted by the 100-day EMA (blue) together with the lower ascending trendline.
#cryptonews #cryptocurrency #crypto2023 #cardano $ADA
