Cardano (ADA) Eyes Momentum for Its Next Big Move

Cardano price started a consolidation phase near the $1.00 zone. ADA is holding gains and might aim for a fresh increase above $1.050. ADA price started a fresh increase from the $0.8800 zone. The price is trading above $0.950 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $1.020 on the hourly chart of the ADA/USD pair (data source from... source: https://www.newsbtc.com/analysis/ada/cardano-ada-eyes-momentum-1-050/