Cardano overview: ADA/USD goes ballistic amid Binance listing news
|- Binance adds two ADA pairs starting from March 27.
- ADA/USD may extend the recovery towards $0.07.
Cardano (ADA) is one of the best performing cryptocurrencies today. The coin has grown by nearly 7% since this time on Tuesday with the biggest part of the movement accounts for the beginning of the Asian session on Wednesday. ADA/USD gained over 50% on a monthly basis amid positive fundamental developments. At the time of writing, ADA/USD is changing hands at $0.0633 with $0.07 in sight.
Binance listing
Hong Kong cryptocurrency exchange announced an upcoming listing of four new trading pairs with Cardano and NEO. The instruments are available for trading since March 27, 4:00 A.M. UTC, which mean that both Cardano and NEO may receive additional support later during the day.
Earlier this month Cardano Foundation announced a partnership with the International Association for Trusted Blockchain Application (INATBA).
Cardano’s technical picture
The coin has been recovering since December 15. ADA/USD gained over 75% in recent 3 months and became one of the growth leaders among top-20 coins.
The local support is created by a confluence of the recent low and DMA50 (4-hour) at $0.0560, followed by DMA50 (1D) at $0.0445 and psychological $0.0400. On the upside, the resistance is seen at $0.0700.
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