The Cardano (ADA) ecosystem continues to be in sight with the latest developments.
In the latest post by Nico Arqueros, CEO and co-founder of dcSpark, the shares of more than 7.5 million transactions from approximately 100,000 wallets were among the remarkable data.
This is great for @Cardano 🙌🏼 Milkomeda C1 continues to grow consistently making ADA more valuable
Some of the current stats:
– 7,485,720 transactions
– 96,026 wallets — we may break 100k wallets in August after the launch of the first game 👀Hope u are having great wknd ✌🏼 pic.twitter.com/3TaGlnjI3R
— nicoarq (@NicoArqueros) July 31, 2022
In another development, Sygnum, a Swiss-based digital bank company, announced that it has added Cardano to its bank-level staking program. So how did the technical analysis develop on the ADA side with this positive news?
📰 📣 News: Sygnum Bank expands bank-grade staking portfolio with the Cardano blockchain’s native cryptocurrency, ADA
Read the full announcement here 👇https://t.co/WlJkJ7Q20I
— Sygnum Bank (@sygnumofficial) August 2, 2022
When we look at the Cardano (ADA) side technically, the price is in the chart below. “4h + day” Important support marked as [0.4929 ve 0.4985 dolar] and resistance [0.5487 ve 0.5560 dolar] moves in a range between levels.
Until ADA breaks out of this range, we can expect its price to continue consolidating between these levels.
Significant Support level: [0.4929 ve 0.4985 dolar]
Significant Resistance level: [0.5487 ve 0.5560 dolar]
The important support of the price [0.4929 ve 0.4985 dolar] to continue its rise from 4h + Day The breakdown of the resistance zone will be important.
The other resistance level can be followed at $0.60. At the same time, the price is moving above the 150/200 Dema. The price in the analysis can be followed in parallel with the continuation of positive news flows that may occur in the future time frame.