-
Cardano will be accepted at Charles Hoskinson’s new hospital.
-
ADA is the top performer among the top 10 cryptocurrencies by market capitalization.
-
The cryptocurrency market is off to a strong start this week.
ADA outperforms other major cryptocurrencies
Charles Hoskinson, the founder of Cardano, has announced the opening of the Hoskinson Health & Wellness Clinic. The clinic will accept ADA, Cardano’s native token, as payment for services.
This development helped push ADA higher, with the token rising more than 15% over the past 24 hours, making it the best-performing asset among the top 10 cryptocurrencies by market cap today.
At the time of writing, the price of Cardano is $0.3263 and may continue to rally. The wider cryptocurrency market is also showing strength this week, with the total market capitalization near $849 billion—up roughly 3% in the last 24 hours.
Bitcoin, the largest cryptocurrency by market cap, is up about 2% and trading above the $17,000 resistance level.
Key levels to watch
The ADA/USD 4-hour chart has turned bullish after several days of strong performance. Technical indicators suggest ADA is currently outperforming the broader market.
ADA/USD Chart By TradingView
The MACD line sits solidly in positive territory, signaling bullish momentum. The 14-day RSI reads 84, indicating ADA is approaching overbought conditions.
If bullish momentum continues, ADA could test the first significant resistance at $0.3443 before the end of the day. A move above the next resistance near $0.370 may prove more difficult in the short term.
Should buyers lose momentum, bears could push ADA below the first key support at $0.2921 in the coming hours.
Where to buy Cardano now
Several major exchanges and brokers list ADA for trading. When selecting a platform, consider fees, security, supported payment methods, and regulatory compliance. Always use a reputable exchange and enable strong account protections like two-factor authentication.