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Steep surge in early 2018

The price of ADA rose to as high as $1.25 in January 2018, when the price of Bitcoin was hovering at around $20,000. Within four months, from January to April 2018, the price of ADA fell by nearly 90 percent and it has failed to recover since.

The magnitude of the rally of ADA and the way in which it fell to levels unseen since the month of launch left no clear technical resistance or support levels. As of now, there are no clear resistance levels for ADA except in a significantly higher area, which makes it harder for the price of ADA to rebound.

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