Cardano’s Shelley Testnet recently showed up in the spotlight as it marks a major milestone for decentralizing the network in the cryptocurrency space. This is also a great milestone because it has crossed the initial target of 100 pools and can now boast more than 500 stake pools.
ADA coin was traded as high as $0.036474 on December 16, 2019, with an uptrend prevalent. There was a steep fall recorded and Cardano price reached $0.033259 with a 7.80% dip. On December 18, 2019, it was traded at its lowest price with a 10.24% drop. The next day, ADA price managed to gradually rise and reached $0.034700 with a 6.51% escalation. Since then, the major trend of the currency has been bullish.
We suggest to purchase new coins and retain the same for a long-term to gain considerable returns. If we look at the price movement of the past week, especially between December 17 & 18, the coin was trading with a downtrend. There were few marginal falls after the said dates as well but can be considered as negligible. However, as per the current trend, ADA price may cross its next resistance $0.035 and trade around the major resistance $0.038 in the near-term.
