Cardano, known for its strong stance, openness to development, and the credibility of its development team, has achieved another success, being at the top of the list with its competitors such as Bitcoin and Ethereum. This achievement comes after a series of activities that took place last month.
Santiment, the blockchain tracking platform closely followed by the whole world, shared a tweet. In the tweet, it was announced that Cardano (ADA) is at the top of the list in terms of development activities carried out in the last 30 days.
According to the tweet shared by Santiment, Cardano attracted attention by making the highest number of quality Github commitments during the past month.
When we examine the graphs of ADA, it can be seen that it moved above the 50-day EMA line in the last 24 hours and maintained a strong stance in this region. As of the time of writing, it was still trading above this level. After that, the altcoin may make a move to surpass the resistance at $0.2645.
Considering the past week, there was an intersection with a medium-term negative trend line in the graphs of ADA. When this intersection is taken into account, breaking the established resistance level can be seen as a success. As a result, a daily close above the resistance level determined as $0.2645 in the coming days can indicate the beginning of an upward movement in ADA for investors.
Furthermore, this point can provide the necessary foundation for the continuation of this upward movement. If this upward movement continues, the value of the altcoin can rise up to $0.3180 in the next 1 month. However, there is a clear resistance level of $0.2920 for these prices.
As of the time of writing, according to the data from 21milyon.com, ADA has made a slight gain in the past 24 hours and increased by 0.13%. With this movement, the price of the altcoin rose to $0.2634. ADA seems to be closing the week positively with the latest gain. As a result of all these, ADA has had a 4.99% increase since the beginning of the week.