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.
Source

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