Cardano (ADA) Coinbase Pro Listing Sets Stage for Price Rally

Cardano has stolen the crypto spotlight after Coinbase revealed it would list the token on its retail platform, with ADA prices surging by 25%.

Cardano, one of the so-called “Ethereum killers,” is on a tear after Coinbase Pro revealed that it would be listing the token on its retail platform on Thursday, Mar. 18.

The price of ADA had been consolidating within a parallel channel for more than two weeks before the news was revealed. This narrow trading range was defined by the $1.03 support level and the $1.19 resistance level. But after Coinbase Pro’s announcement, the token broke through the channel’s upper boundary to hit a high of $1.30.

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