Cardano Price Prediction: Is ADA Ripe for a Breakout to $0.46?

Cardano Price Prediction: Is ADA Ripe for a Breakout to $0.46?

Cardano price is in the green today as demand for the currency continues to rise. The ADA price is trading at $0.410, which is a few pips below yesterday’s high of $0.4290. Its market capitalisation has jumped to more than $12.4 billion, making it the 6th biggest digital currency in the world.

Cardano news: There’s no major news moving the Cardano price higher. This week, it was revealed that Grayscale Investments had decided to file for a Cardano trust. It will also form another trust for Monero, Cosmos, and EOS in addition to its other well-known trusts of Ethereum and Bitcoin. In theory, this will lead to more demand for Cardano and other currencies.

Another major Cardano news is that the company behind it plans to create its own stablecoin.

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Cardano price prediction

Last week, I wrote that the ADA price was ripe for a bullish breakout. I pointed to the bullish pennant that started to form in January. This prediction was correct as the price broke-out to its all-time high of $0.4322.

Looking at the same chart, we see that it has found some resistance. This is expected since the price is at its ATH. Still, there is still a possibility that the price will have a bullish breakout as bulls start targeting the next vital resistance at $0.4500. However, this prediction will be invalidated if it moves back to $0.3500.

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ADA price chart

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(UPDATE: Victim Has Been Identified) Man Dies After Being Stabbed in Ada Early Monday Morning – WKTN

A stabbing in Ada claimed the life of a man during the overnight.

According to a release from Ada Police Chief Michael Harnishfeger, officers were called to 345 West Montford at around 12:15 in reference to a disturbance involving a knife.

Upon arrival, they discovered 49 year old Rodney A. Slechter, of Lima, who had been stabbed by another male subject who was still in the house trailer.

Officers rendered first aid to the victim of the stabbing, but Slechter died at that location.

The other male was transported to Lima Memorial Hospital where he was treated for injuries sustained during an altercation between the two.

At this point the Bureau of Criminal Investigation and Identification has been called to assist the Ada Police Department in processing the scene along with the Coroner’s Investigator.

No one has been arrested or charged pending the outcome of the investigation.

Authorities are not releasing the name of the other male as no charges have been filed at this time.

Ada S. McKinley, founder of South Side Settlement House, one of Black Chicago’s unsung heroes

CHICAGO (WLS) – Ada S. McKinley opened the South Side Settlement House in Chicago’s Bronzeville neighborhood in the 1920s to serve the growing Black community there suffering from racism, poor housing conditions, high poverty and unemployment.“She experienced a lot of hardships in terms of securing funding for the agency, providing support of the community,” said KangJae Lee, assistant professor at North Carolina State University.Prof. Lee and Professor Rodney Dieser published a research paper on McKinley’s legacy, and say her contributions to Chicago have been overlooked.“We have to understand what I call whiteness in the history of the United States,” Lee said. “It has been dominated by white Americans' perspective, celebration of the accomplishments of white individuals.“McKinley died in 1952 at the age of 84, just hours after a ceremony for the Ada S. McKinley Community Services’s new headquarters at 34th and Michigan. Today, the organization serves more than 7,000 people at 70 program sites in the Chicago area, Indiana and Wisconsin. Services offered include child development and college placement.“The needs have not ended,” said CEO Jamal Malone. “That’s why we’re still thriving. We’re filling this, this void, this gap.“Malone believes McKinley deserves more recognition, and is calling for a Chicago street to be named after her to honor her legacy.“We need these historic mile markers to remember where we’re coming from,” he said. “They say if you don’t remember where you’re coming from, history repeats itself.”