Cardano Fails to Hold Above $0.60 Level as Bears Striving Hard

• At the time of writing, ADA is trading at $0.58, up 0.42% in the last 24 hours.
• If the price manages to go above $0.61 then it will likely climb higher to test $0.63.

Two months of training on the Cardano platform for developers took place in Nairobi, Kenya, thanks to a new partnership between IOG Education and the Africa Blockchain Center (ABC). This course was designed to help close the skills gap in blockchain development, which is becoming more important in countries like Kenya.

The founder of Cardano, Charles Hoskinson, has not wavered in his denial of a relationship with Ripple’s XRP. His argument is that the two platforms are technologically incompatible, which is why they are so opposed to one other.

The Cardano founder’s distaste for Ripple and its XRP likely stems from the goals that blockchain aspires to achieve. As both a CBDC framework and an interbank settlement mechanism, he thinks XRP has its own unique function.

Bears Dominating

As the new week started, Cardano’s ADA began on a positive note, despite the recent selloff which resulted in ADA trading under $60.

The price of Cardano recovered from its intermediate lows of $0.54 and broke above the $0.60 level. Investors anticipated a rise above the negative effect, in accordance with the recent comeback. However, the bears drove the price under the $0.60 mark.

At the time of writing, ADA is trading at $0.58, up 0.42% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 4.79%. If the price manages to go above $0.61 then it will likely climb higher to test $0.63 resistance level. On the other hand, if the price manages to go below $0.55 level, then the price will likely test $0.53 support level.