Cardano ADA price Surges Ahead of the Beta Release Daedalus on Linux Software

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Cardano ADA has recently announced the release of the much awaited Daedalus on Linux. The communication was made via the Cardano community forum. Although the information about the software is limited, it stated clearly that it was ready for public beta testing. The network, however, is still collecting feedback from the community to ensure that all the different Linux distributions will be well catered for. Besides, the software will include certain levels of customization to improve the user experience. Besides, the beta testing is tailored towards Linux users that are comfortable operating a script in a terminal.

The IOHK statement also details the instructions to be followed when running the beta version. Besides, the community has been asked to keep their wallet recovery phrase safe. Furthermore, the community has been requested to test the beta version of the software and provide the network with feedback. A segment of the statement reads:

“We want to hear about your experience, both good and otherwise. There are two recommended ways to submit feedback directly to us. Either way, please include the phrase Linux Beta on the submission form.”

Cardano Overview

Cardano ADA is an open source decentralized public ledger blockchain. The crypto project is determined to bring forth the latest features using the smart contract platform. The Cardano blockchain was developed from scientific research while the project remains to be scientifically driven since inception. ADA is the coin behind the Cardano project. Consequently, ADA price has achieved great milestones even making it to the top 10 cryptocurrencies by market capitalization. ADA ranks 7th on the top 10 list with a market capitalization of approximately $4.2 billion.

Cardano price analysis

Cardano ADA price is up 8% in the last 24 hours on Monday after a weekend of trading lock-step. The upside movement was initiated close to $0.150 level. ADA/USD traded highs of $0.165 before it started to correct lower. The cryptocurrency found a support at $0.157 level where the price bounced to the upside during the Asian trading session.

At the moment Cardano price is trading above the 100 Simple Moving Average which is in a general upside direction. The longer-term 200 Simple Moving Average will offer resistance as the price retraces higher around $0.161. There is a growing bearish momentum close to $0.160 level and it could signal more sellers to enter the market according to the MACD momentum indicator.

On the other hand, the 61.8% Fib retracement level with the previous high at $0.165 and a low of $0.157 failed to support the price during the recent downside movement. The level will, however, offer resistance to the upside near $0.160. The immediate support level for ADA/USD is at $0.159 while the primary support level remains at $0.157. Cardano ADA price must hold above the immediate support level to avoid declines towards the major support level.


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