Cardano (ADA) Technical Analysis: Will ADA Move Ahead of IOHK Summit?

15 Apr 2019

Cardano (ADA) Technical Analysis: Will ADA Move Ahead of IOHK Summit?

The inaugural IOHK summit is scheduled to take place in just 2 days time, in Miami USA. The event is expected to draw a crowd of blockchain experts, developers and investors from around the globe to hear what the future holds for the Cardano network.

Former Ethereum Co-Founder and CEO of IOHK, Charles Hoskinson, will deliver the opening keynote speech, and has announced that he will unveil Cardano’s new 2020 roadmap, along with updates on Shelleythe decentralization phase of Cardano’s development.

Cardano Price Analysis

ADA has been accumulating along a key support level at $0.0835 for the past 4 days, after failing to break above the 0.382 fibonacci level at $0.0924 (red line). Low volatility has pushed the price action sideways as both buyers and sellers wait to see what emerg...

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