• ADA price started a fresh increase after it found support near $1.00 against the US Dollar.
  • The price is now trading above $1.30 and the 55 simple moving average (4-hours).
  • There was a break above a crucial bearish trend line with resistance near $1.30 on the 4-hours chart (data feed via Bitfinex).
  • The price is consolidating above the trend line and it could rally above the $1.35 resistance zone.