Cardano (ADA) Price Analysis – February 21

  • The price of Cardano is trading at $0.044 after being resisted at a price of $0.048.
  • The crypto's price had been range bound between the levels of $0.035 and $0.055 since November 26, 2018.

Cardano, ADAUSDCardano Chart By Trading View

ADAUSD Medium-term Trend: Bearish

  • Resistance levels: $0.080, $0.090, $0.100
  • Support levels: $0.040, $0.030, $0.020 

The price of Cardano had been in a range bound movement since November 26. The crypto's price is range bound between the levels of $0.035 and $0.055. On November 26, 2018, the lower price level was formed when the bears fell to the low of $0.035. On January 10, the upper price level was formed when the bulls were resisted at the $0.055 price level.

Since December 20, neither the bulls nor the bears were able to break out of this price range. A trader can trade the range bound movement until when the bulls have a price breakout or when the bears have a price break down. On February 17, the bulls broke above the 12-day EMA, the 26-day EMA  to reach the upper price range.

If the bulls break above the upper price level, traders should initiate long orders. On the other hand, if the bulls fail to break the upper price level, traders should initiate short orders. If the bulls were resisted, it is likely the crypto would resume its range bound movement. Meanwhile, the stochastic is in the overbought region and above the 80% range. This indicates that the price of Cardano is in a strong bullish momentum and a buy signal.                                                                                                         

ADAUSD Short-term Trend: Bullish      

Cardano, ADAUSDCardano Chart By Trading View

On the 4-hour chart, the crypto's price is in a bullish trend. The bulls broke the 12-day EMA, the 26-day EMA and reached a high of $0.048. The crypto's price faces resistance at the $0.048 price level. The price of Cardano was resisted and it fell to a low of $0.045. If the bears complete the breaking of the EMAs, the crypto will fall to the bearish trend zone.

Meanwhile, the stochastic is out of the overbought region but below the 60% range. This indicates that the price of Cardano is in a bearish momentum and a sell signal.                                                                                                                                                                                                                                                                                                                                                                                                

  The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own

Opera Launches Blockchain, Cryptocurrency-Ready Browser for iOS

Opera Ltd., the company behind the Opera browser, has recently launched a new blockchain and cryptocurrency-ready browser for iOS, following the company’s addition of a built-in cryptocurrency wallet to its Android and PC browsers.

According to a press release shared with CryptoGlobe, the company’s Opera Touch browser for iOS features “crypto wallet integration and Web 3 support,” meaning users can interact with blockchain-based applications through it, as if they were using an extension like MetaMask. The company hinted at the move in March of this year.

The company touts it now offers browsers supporting blockchain-based applications and with a built-in cryptocurrency wallet in various operating systems, including Windows, Mac, Linux, Android, and iOS, allowing users to “seamlessly interact with the next generation of Web 3 applications.”

Currently, the browser only supports ERC-20 tokens, stablecoins, and non-fungible tokens, although the company has revealed earlier this year it’s looking to add support for TRON and multiple other blockchains within a  year.

Charles Hamel, Opera’s head of crypto, stated:

We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.

In the press release the company added it believes the “web of today will be the interface to the decentralized web of tomorrow,” with cryptocurrencies being at its forefront. Along with the iOS release, the company announced it partnered with a decentralized-application (dApp) called Marble.Cards, which allows users to turn unique web pages into collectible cards on the blockchain, each being a non-fungible token.

The Opera touch browser itself has a user interface built to let users use large phone screens with ease, as it shifts the navigation towards the bottom of the screen and adds features that make it easy to share pages across devices.

Opera’s main Android browser is also its cryptocurrency-ready browser for the operating system, and it has made it easier for users to buy cryptocurrencies directly from their mobile phones.