Cardano price seems to be basking in the glory as its price continually moving upwards. The past one-month price trend of the ADA/USD shows the price mostly traded between $0.026 – $0.037. The currency recently breached a $0.037 mark, which indicates positive signs that it might cross $0.040 in the upcoming days.
On March 23, Cardano price was trading on a low note below the baseline at $0.02688, but from this price point, it reflected a slow and steady upward swing and reached a high of $0.03127 on March 27, showing a rise of 15.99%. However, after this hike, the ADA coin traded downwards and fell to $0.0281 by 9.66% decline.
After hitting its crucial support at $0.028, Cardano managed to register a tremendous growth as it records a 29.24% hike in the next ten days and touched $0.03638. Then again, the coin faced rejection and corrected down to $0.0315 on April 16. After hitting a $0.031 mark, the ADA price started trading upwards and reflected a strong recovery, and yesterday, it touched its previous resistance of $0.036.
Today, Cardano continued to trade with upside momentum and reached $0.03738. As per the current momentum, it might trade even above $0.040 mark in the upcoming hours, and it will carry forward this winning legacy in the months to come. Traders can hold the coin for the long-term as the ADA price has been performing exceptionally well since the past 30-days.