ADA has been one of the market’s standout performers in the last week or so. Rising from $0,12/2019 satoshi (where it stood on July 13th) to $0,19/2563 satoshi on July 18th, it has since been somewhat consolidating.

After a slight drop to $0,157/2160, ADA went on another slow run upwards and is currently priced at $0,173487, which is a 4,95% rise in the last 24 hours. Its BTC value rose a bit as well, as the coin is currently valued at 2325 satoshi (3,54% increase). ADA has been pretty consistently in the middle of the pack when it comes to its daily trade volume, currently clocking at just above 14k BTC.

It’s market cap is standing at $4,498,009,686, making ADA the 8th most valuable cryptocurrency on the market. The coin is currently riding a bullish trend line that has strong support around the $0,17 levels.

Below that, its 100 hourly SMA is at $0,168, so this one will act as a support if the previous one is broken. If both don’t manage to hold, look for the coin to go towards $0,15.

On the other side of the spectrum, ADA can potentially reach $0,18/0,19/0,20 resistances. Read here about best LTC wallets. Read more from…

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