Around this time last month, we witnessed ADA making a convincing move towards a longstanding resisting Kumo on the 1D Ichimoku, along with a number of other promising signals following the Emurgo partnership with MetAps Plus. Just as candles began to enter the cloud and exhibit signs of a bullish reversal, Bitcoin crashed by $400 and dragged the altcoin market down with it. This pulled ADA off-course and quickly put an end to the bullish market sentiment.

Throughout the rest of the month, ADA struggled to regain composure and became range-bound inside a narrow 110 Sats channel until the recent IronX exchange announcement four days ago ignited a breakout.

ADA is closing in on the same resisting cloud for a second time and hoping that the new listing on Bitpanda will provide fresh support to drive it back up the board.

This article appeared first on Cryptovest

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