ADA price formed a strong support near the $0.0420 level and later climbed higher against the US Dollar.
The price gained momentum above the $0.0440 and $0.0450 resistance levels.
There is a key ascending channel in place with support at $0.0460 on the 4-hours chart (data feed via Kraken).
The price could decline a few points, but it remains well supported above the $0.0445 level.
Cardano price is placed nicely in an uptrend against the US Dollar and Bitcoin. ADA might correct lower, but it is likely to climb above the $0.0475 level in
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