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Cardano makes a “complete submission” with a 50% ADA rally before launching SundaeSwap.

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Cardano (BADAGO) earlier this week traded at a significant three-week maximum distance, and some investors suggested that the trend reversal was appropriate. In fact, the bullish moment is mainly related to the prediction of the next decentralized exchange (DEX) called SundaeSwap.

The price of the ADA rose nearly 12% on January 17 to a high of $ 1.60 a day, a day later on SundaeSwap. announced launch of its “fully functional decentralized beta exchange (DEX)”. However, the upward change was part of a broader rebound trend, with the ADA jumping by almost 50% in seven days.

daily price chart. Source: TradingView
Top 10 cryptocurrencies in the last 48 hours. Source: Messari
ADA / USD daily price chart with 100 day EMA resistance. Source: TradingView