CARDANO (ADA) $0.677018 The price has declined by about 10 %in the last week due to the market withdrawal. After the price exceeded $ 0.7 support level, recovery signals began to be observed. Partial healing symptoms are present in the general course of the market.
Charles Hoskinson approval
Charles Hoskinson, the founder of Cardano, Ripple 
$2.15‘s largest fixed currency of Rlusd’s integration in the Cardano block chain has been investigated. This description is interpreted as a strategic move that can add value to the ecosystem of the platform.
Charles Hoskinson: “Ripple’s Rlusd is being followed on Cardano.”
Price Movements and Technical Indicators
On Tuesday, the island rose to $ 0.6783 with a significant increase in the transaction volume. The increase in 2.49 %per day indicates that the market draws a positive direction, while the RSI value is around 44. The MACD indicator reveals that there is a limited acceleration on the rise by remaining under the signal line.
Important support and resistance levels
Technical analyzes, important support levels for the island is found in $ 0.60 and $ 0.63. If the price decreases, the level of $ 0.55 will be considered as critical support. On the other hand, the levels of $ 0.90 and $ 1.00 are among the important resistance points to be exceeded.
The developing news indicates that the platform’s infrastructure and application diversity may increase thanks to the Rlusd, which will be integrated into the Cardano ecosystem. Market actors evaluate that this strategic step can contribute to the spread of fixed currencies.
Ada’s price performance and technical indicators are among the elements that investors follow carefully. The development of strategic integration and technical analysis data offer significant clues about the future dynamics of the platform. Investors may have to closely monitor new price movements and ecosystem developments that may occur.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
