Cardano's exchange rate, in particular, began to rise after hitting a low of $0.326 on September 16. The rise continued, with ADA reaching a high of US$0.415 on September 27. The price movement of ADA is actively contested by bulls and bears, although the bulls are not giving up their positions yet.
At the time of writing, #ADA is down 0.30% to $0.40 in the last 24 hours and is up 13% on a weekly basis. The current upside target is $0.49, but the bulls are likely to face serious resistance at $0.44 near the daily SMA 200.
On the other hand, if the ADA price fails to hold above $0.40, then below $0.36 the ADA price could consolidate between $0.31 and $0.40 for some time.
The #Cardano network recently turned seven years old and is experiencing tremendous growth. According to the latest IOG update, the Cardano network has reached 96.94 million transactions, with 10.4 million native tokens, 1.335 million delegated wallets, and 88,340 plutus #cryptocurrencies .
The Cardano network recently released node v. 9.2. 0, which includes several improvements and bug fixes. It also released a minor update to the previous version, Cardano node v. 9.2. 1, which improved the performance of certificate validation.
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