CARDANO Token Report
Cardano is a proof-of-stake blockchain platform designed to empower “changemakers, innovators, and visionaries” in driving positive global change. As an open-source initiative, it seeks to “redistribute power from unaccountable structures to individuals at the margins,” fostering a society that is more secure, transparent, and equitable.
ADA is ranked #9 with a market capitalization of nearly $37 billion. The current market price of the token is 1.03 USDT
The ADA/USDT price has been on an upward momentum since late Nov, 2024. On the daily time-frame, the trend has broken out of the flag pattern, with significant volumes. The RSI indicates an aggressive momentum in price. The next resistance is expected at 1.32 USDT and an immediate support is expected at 0.96 USDT.
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