ADA Price Analysis: Following 10% Assault at $0.0450, ADA/USD Breaks Barrier As Cardano Releases Daedalus 1.0.0 Wallet

*Cardano’s (ADA) price is up by a whopping 10 percent on 24-hour time frame at $0.043
*Following ADA/USD assault from Thursday’s low of $0.036 to $0.044 high breaching upside barrier
*Charles Hoskinson, IOHK CEO and co-founder of the blockchain project Cardano (ADA) has reported the release of the Daedalus wallet 1.0.0.

ADA/USD Long term Trend: Ranging

ADA/USD Daily Chart

As shown in the RSI, until the sellers have a chance to counter, ADA/USD is projected to advance with the uptrend in the current and upcoming sessions on Friday. The role of the bulls on the market is supported by the upward trendline toward the positive zone. Cardano is inclined to seek respite in the previous resistance turned support zones, including the 200 MA, $0.0400, the 50 MA, and $0.0320 levels.

ADA/USD surged from $0.0363 on Thursday to $0.0440 this Friday as the bulls gained control for the third day in a row. In the growth stage, the price broke at $0.4000 above both the pennant formation and the horizontal level of resistance. The price is confronting immediate resistance at level $0.0457. The MA 50 and 200 suggest growing bullish momentum, while the RSI has continued to rise to the edge of the overbought zone.

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