Cardano is a future- proof blockchain which stands at the cusp to enter into the Goguen era that will allow the development of dApps on its network. It has witnessed tremendous growth as validated by the creation of 1 Million ADA Wallets.
- Among the 3 cryptocurrencies being discussed, ADA looks the most bullish.
While the other cryptocurrencies are trying to bounce back from the 50 EMA, ADA has already bounced back and has given a decent close on May 31, followed by two days of indecision candle.
If ADA is able to close with a strong bullish momentum today, it is most probable to travel to the levels of $2 followed by $2.3 in the coming days.
The levels of $1.45 and $1.35 respectively will act as Support to the lower side.