*Cardano is one of the few digital assets that has shown positive price performance in the last 24 hours.
*The asset is currently testing the 50-day moving average, which acts as a resistance level.
*If broken, ADA would be able to move toward the next resistance level at almost $0.7, the price level that corresponds to the 200-day moving average.
*The growth we are seeing today is most likely only possible due to the lack of selling pressure caused by the weekend trading session.
*Cardano’s vibrant ecosystem saw many releases and additions like the confirmation of the Vasil hard fork that will happen Sept. 22, GeroWallet release, successful Aada Finance audit and the upcoming launch Sept. 13.
*Most industry experts believe projects like Cardano will blossom during the next bull run as the fundamental value of networks will be the defining factor during the next growth cycles on the market.