Cardano to US Dollar
- By date
- Metadoro first
Cardano (ADA) is up by 1.0% to $0.3550, slightly retreating from its high of $0.3681 earlier this week. In comparison, Bitcoin (BTC) also gained 1.0%, reaching $63,000.
Cardano has been in an uptrend for the second consecutive month, but it continues to face significant resistance around the $0.4000 level. Despite several attempts, the token has been unable to break through this barrier. The uptrend support remains intact, helping to keep the price buoyant. However, large investors have placed a series of short trades between $0.3880 and $0.4000, which could act as a firm ceiling for the token or, alternatively, provide the necessary fuel for a sharp breakout.
For the upside scenario to materialise, positive market sentiment will be crucial. If the token manages to break above the $0.4000 resistance level, it could trigger a rapid price increase.
| Ticker | ADAUSD ADA/USD |
| Contract value | 1 Cardano |
| Maximum leverage | 1:10 |
| Date | Short Swap (%) | Long Swap (%) | No data |
|---|
| Minimum transaction volume | 10 lot |
| Maximum transaction volume | 10000 lots |
| Hedging margin | 50% |
| USD Exposure | Max Leverage Applied | Floating Margin |
|---|
