Cardano Breaks $0.20 Ceiling as Uptrend Continues

Cardano's price has finally broken through the $0.20 barrier it had been struggling to reach all year, and is currently trading at $0.1997 with a 6.6% increase in value over the past day.

The cryptocurrency has been consolidating around this level for weeks, but yesterday's surge saw it clear the resistance point without any major setbacks.

On the shorter-term chart, Cardano is currently sitting right under a new resistance pocket, which may lead to some further price fluctuations before anything is confirmed.

However, the bigger picture still suggests an uptrend for ADA, with its market cap standing at $7.457B and fully diluted valuation just below $9B.